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Question 1 (500 words) – Describe the effect of the minimum wage on the unemployment rate in Australia. Use economics theories and principles to support your answer. Your answer should include a minimum of two (2) references from academic sources.
Question 2 (500 words) – Using economic principles and theories, describe the net benefit of free public transport systems to cities. Use actual examples to support your answer. Your answer should include a minimum of two (2) references from academic sources.
Question 3 (500 words) – Using economics principles and theories, explain how Internet retailing of recorded music changed the constraints faced by small traditional record shops. Use actual examples to support your answer. Your answer should include a minimum of two (2) references from academic sources.
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