… with the aim of protecting the value of Australia money by keeping inflation low and stable. Monetary policy is implemented mainly through changes in the cash rate, which influence other interest rates and affect the level of spending and economic activi…

… of banks. But bank failures have happened from time to time in many countries despite the best endeavours of managers and regulators. And it would be unwise to ignore this possibility in Australia because a bank failure is not only very damaging…

… economy was booming, people made enough money to splurge once in a while. Cars, movies, dance marathons, and the radio were many things being splurged on in our country. Cars had just become popular, thanks to Henry Ford who invented the push line.…

… way of dealing with economics. The economical war between professional economists today is a never-ending battle. On one side there are those who believe in a classical idea that was born before the 1930's. Then the great depression influenced…

… mistaken for something they are not. For example, if one is a democrat, he/she often automatically presumed to be a liberal, which is not always the case. If one is a vegetarian, many people will immediately see him/her as an animal rights activist.…

… use of checks or cash. Paying with cash is very easy; for knowing how much money is available and how much can be spent makes it very hard to get into debt. When paying with a check the process is a bit trickier; the exact balance has to be kept on…

… between countries leading to the emergence of a global market place and customisation of goods, services and technology. Indonesia is the world's fourth most populous nation and the anchor of Southeast Asia politically and economically. The…

… work which was seen as a system of mass production, assembly line work and strict regulation and structuring of work tasks (lecture notes). Dramatic changes in the organisation and composition of work over the last five decades have seen…

… its costs. Opportunity cost: the value of the next-best alternative that must be foregone in order to undertake an activity Sunk cost: a cost that is beyond recovery at the moment a decision must be made. Average benefit: the total benefit of…

… hemisphere. It consists of two major islands with a surface area of 7, 713 thousand square kilometers. Australia's official language is English and is currently governed by Prime Minister is John Howard. Taiwan is an island that is located above…