The Tariff Reforms That Australia Has Undergone Over the Past

question 99

Multiple Choice

The tariff reforms that Australia has undergone over the past 20 years are an example of:

• A) demand-side fiscal policy.
• B) demand-side monetary policy.
• C) supply-side fiscal policy.
• D) supply-side monetary policy.
• E) labour market reform.

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Definitions:

Fur Trade

The trading of animal pelts (especially beaver skins) between traders and indigenous peoples, historically significant in North American exploration and settlement.

Physical Isolation

A state of being separated from other people or societies, which can be due to geographic, social, or psychological barriers.

Anglicization

The process by which societies adopt English culture, language, or institutions, often observed in colonies of the British Empire.