Assessment item 2 paper 3000 words


Assessment item 2
Assignment 2
Value: 40%
Due date: 09-May-2016
Return date: 31-May-2016
Length: 3000 words overall
Submission method options
Alternative submission method
The assignment consists of two problem questions. Each question is worth 20 marks.
The questions are based on material in the Text. Text material which may be relevant to the questions may be drawn primarily from any of Text chapters 3, 5, 6, 9, 18, 19 and 20 (with those highlighted likely to be the most important).
Answer the following:
Question 1 (20 marks)
You are an Economist and have been asked by the Gold Coast Council of Queensland to provide advice on the policy options to deal with the increasing use of jet skis on the Broadwater. The increasing use of jet skis has had an adverse effect on other water uses and people who live in the near vicinity have complained about the excessive noise.
Question 2 (20 marks)
You are an Economist advising the Federal Government about the Australian Labour Market and issues relating to unemployment. The issues that you have been asked to report are:
a) if the labour market is working properly why does Australia experience simultaneous periods of unemployment and job vacancies?
b) does the minimum wage prevent lower rates of unemployment?
c) what types of unemployment are the most serious? Explain your answer.

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