If More Workers Leave Australia to Seek Out Better Opportunities

question 57

Multiple Choice

If more workers leave Australia to seek out better opportunities in another country than new workers arriving into Australia, then this will:

• A)shift the short-run aggregate supply curve of Australia to the left.
• B)shift the short-run aggregate supply curve of Australia to the right.
• C)move the Australian economy up along a stationary short-run aggregate supply curve.
• D)move the Australian economy down along a stationary short-run aggregate supply curve.

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Definitions:

Negative Externalities

Costs suffered by a third party due to an economic activity, where those involved in the activity do not fully bear the cost.

Fighting Poverty

Fighting poverty involves implementing strategies and policies aimed at reducing or eliminating poverty, enhancing the quality of life for individuals and communities.

Public Good

A good that is non-excludable and non-rivalrous in consumption, meaning it can be used by everyone and one person's use does not reduce its availability to others.

Public Goods

Are goods that are non-excludable and non-rivalrous, meaning they can be used by anyone without reducing their availability to others.