The Board of the RBA Makes Changes to the Cash-Rate

question 44

True/False

The board of the RBA makes changes to the cash-rate on an ad-hoc basis.

Explain the concept of the optimum level of resource use and its relevance.

Understand how environmental regulations can impact economic development positively.

Recognize the environmental and health impacts of pollution.

Evaluate the pros and cons of tradable environmental permits.

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Definitions:

Output Efficiency

The state of producing the maximum output with the minimum wasted effort or expense.

Productively

In a manner that results in a high degree of effectiveness or efficiency in producing desired outcomes.

Fully Utilizing

Making the most efficient use of resources, assets, or capacities to achieve their maximum potential output or productivity, often in the context of manufacturing processes or economic production.

Labor Force

The total number of people who are available to work, including both the employed and those seeking employment.