1) The exchange rate of the Australian dollar changed from USD 0.70 in 11 to USD 0.77 in t2. This represented: a. An appreciation of 7 percent b. A depreciation of 7 percent c. An appreciation of 10 percent d. A depreciation of 10 percent ACE HIGHER EDUCATION AUSTRALIAN INSTITUTE Q4. Which of the following reflects an economic insight? a. The opportunity cost of attending university is only the study fees b. If the marginal benefit of an activity exceeds its marginal cost, a rational person will undertake the activity c. To stop smoking, it is better to appeal to the social conscience of people than to tax cigarettes d. In considering whether or not to increase pensions, governments should only consider the needs of the pensioners, most of whom are very poor.

2. If the exchange rate rises: a. Exports will rise and imports will fall b. Exports will rise and imports will rise c. Exports will fall and imports will fall d. Exports will fall and imports will rise A AUSTRALIAN INSTITUTE.

3.Write a 250-500 word paper, describing an ethical experience or situation where a conflict occurred that you were involved in. This can be a situation that has occurred in the workplace, educational setting, or your personal life. Briefly give context and describe the situation. Be sure to explain the ethical issue at hand and the resolution of the issue if any. Last, explain how the situation could have been resolved differently to conform to ethical standards and satisfy all parties’ needs.

4.ISLAMABAD: Pakistan currently has the largest percentage of young people ever recorded in its history, according to the new National Human Development Report launched by the United Nations Development Program (UNDP) Pakistan.

The report says 64pc of the total population is below the age of 30 while 29pc is between the ages of 15 and 29 years. This roughly means 61,000,000 youth Out of this number females make up 52% or 31,720,000. According to the census urban population is roughly 30% that makes to 9,516,000.

Since, female students strive hard and get good grades in 12^th grade education which is the entry point for professional education specially, in medicine and engineering and eventually, get admission and complete four year education. But, unfortunately, significant number do not enter into professional arena (Corporate Sector). Thus, they waste public money and a seat.

Critically examine the situation and submit a report to the federal minister of education and suggest that there should be gender based quota instead of open merit for admissions to public sector (Government) professional universities and colleges. You may use imaginary details. Your recommendations shall be in ‘the standard form of argument’. Female students may use their stance to keep the open merit irrespective of gender.

5. Distinguish between the Stopler-Samuelson and Rybczynski theorems.

1.The answer is option d) Depreciation of 10 percent

Here it is said that the exchange rate of Austrian dollar changes from $ 0.70 in t1 to $ 0.77 in t2. This means that a depreciation of the currency has takes place as the value of the currency has come down. Now we have to find out the percent of depreciation. For that we calculate the rate of change , i.e,( t2 - t1) /t1 = 0.77-.70) /.70 = 0.1.

Now the percentage of depreciation = 0.1 * 100 = 10

Hence 10% depreciation has occured.

4. The answer is option A) If the Marginal benefit of an activity exceeds its marginal cost, a rational person will undertake the activity. This is in accordance with Pigovian rule.

If Marginal Social Benefit > Marginal Social Cost , then the project is feasicle and a rational person can go with it.

All other options are correct statements, but are not economic insights.

2. If the exchange rate rises, d. Exports will fall and imports will rise. Let us take the example of AUD-Pound exchange rate. Australia is the home country and England is the foreign country. 1 AUD is currently equal to 0.57 Pound Sterling. Now suppose the exchange rate rises and now 1 AUD = 0.60 Pound Sterling. This means that for the residents of Australia, Pound has become cheaper, and for the residents of England, AUD has become more expensive. Since Pound is now cheaper, the import of Pound denominated goods and services will increase and consequently export of AUD denominated goods and services to England will decrease.

3.1. Ethical Situation of My Workplace –

It was the situation in “2017" experience situation, it was Ethical experience, I was working in “XYZ Finance organisation”, as “Assistant manager”, Spend 2 years in organisation With loyalty and always provide good for performance.,

In January 2019 one employee “David” joined as a “Assistant manager” in my organisation, he was Close relative of my manager.,

“In July 2019 our manager promoted”, and post is “Vacant” of his place of manager,

Now time to promote “Internal employees” to that Manager post, I know very well company or senior management will promote me, because of 2 years experience in organisation with loyalty and always I was good performer., Excited about this promotion.,

But when I listen company and our senior management want to promote,

New join David assistant manager, “As a Manager” who is Close relative of our Ex. manager, so I was very “Shocked & disappointed”.,

I think it was not Ethical, Management behaviour with me Injustice.,

2. Solved With Ethics

So I decide how to make complaint?

About All situation to “HR Department”., So I prepare a mail about all situation and said company and senior management doing an in-justice things with me or Un-ethical thing with me.

My Ex. Manager called me and said “David in my relative and we want to promote him as a manager don't interrupt in our decision”,

But I said no, as per rules of company and Ethics, company have to promote me because I spent two years in company with loyalty and I have good experience, I was good performer in company, Sir you know very well all things, you have to promote me, but he said “NO”.,

So Ethical conflict Started Between me and my Ex-manager and David For promotion..

After HR Department Said, David have management reference for promotion and as per Ethics of workplace, you Should Promoted,.

So they decided Arrange Test between us For satisfy all parties needs we can,

Take test between me and David?

Me and David is ready for that, and also Sr. management is ready for that.,

Obvious, I was the winner.,

Because, I spent two years in company, I have overall experience of organisation structure definitely, I was winner.,

Company or HR department promoted me as a manager and it was my ethical fight between Manager which I won. And “Solved as per Ethics”.

4. Please use this google drive link to download the answer file.       

https://drive.google.com/file/d/1J9bYQLTImU815nAv9WWsYGtPjliWlnal/view?usp=sharing

Note: If you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process. 

https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link

5.