Australia is one of the major exporters of iron ore as one of its resources. However, there are many other producers of iron ore in the world. Suppose the price of iron ore is set in an internationally competitive market.

(a) Due to a major demand shock in China, the demand for iron ore by China increased significantly. However, at the same time, some mines in Africa closed down due to production issues. Explain how would the market equilibrium price and quantity for this product change internationally?

(b) Based on the answer you provided for part (a) what would be the new market equilibrium in Australia?

(c) What would be the effects on the macroeconomy of Australia as a result of this change in the iron ore market?

(note: I hope you can give me detail information for each separate questions, Thanks.)

Investors got a rude awakening yesterday as U.S. stocks started the day with declines. An acceleration occurred late in the trading day, with the Dow Jones Industrial Average DJIA, -4.60% eventually closing down 1,175 points, or 4.6%, at 24,346. The S&P 500 Index SPX, -4.10% tumbled 4.1% to 2,649. For perspective, it has been only two months (Dec. 8) since the Dow closed at a lower level than it did Monday. Do you think we are heading towards a bear market? Are stocks over valued? What do you think has caused this most recent decline? Each investor's situation is different, but how would you suggest someone in his/her 20s allocate his/her assets, or what do you advocate investing in?

In a large open economy ________.

the effect of shifts in saving and investment on net capital flows are in the same direction as in a closed economy

the effect of shifts in saving and investment on the domestic real interest rate and the actual levels of saving and investment are in the same direction as in a closed economy

the effect of shifts in saving and investment on the trade balance are in the same direction as in a closed economy

all of the above

none of the above

State the following statement as True or False:

1. Change can be viewed as a challenge or an opportunity. With the proliferation of mobile technology, everyone—not just IT —has the ability to get in on the action. HR professionals interact with every member of an organization and understand the importance of collaboration, engagement and efficiency in driving overall employee satisfaction and boosting the company bottom line

2. Everything we have of value as human beings, as a civilization, is the result of our intelligence and what AI could do is essentially be a power tool that magnifies human intelligence and gives us the ability to move our civilization forward in all kinds of ways.

3. Use of technology in human relationships: As the world develops, people are getting more carried away with their work and carries. Today a lot is demanded so everyone is busy to have time to find a relationship. However, virtual relationships are not as strong as physical relationships, so I advise you to take off time and meet people. On the other hand, people who over participate in virtual relationships, end up with no friends in real life and they develop a disease called cyber-sickness and loneliness.

4. While neoliberalism has varied in its manifestations in different countries and regulatory arenas, the common core has been the promotion of market-based solutions to a broad range of issues. In other words, Neoliberalism brings together the classical liberal economic faith in the ability of properly functioning markets to improve social welfare with a new political commitment to expand market relations into traditionally public arenas such as healthcare, education, and environmental management.

5. Neoliberalism can fairly be considered a regime of scientific management because it draws from key principles and common outcomes that serve a heuristic function for STS and those seeking a greater understanding of neoliberalism.

6. It seems only natural to think about moral solutions to moral problems arrived at by moral means. Sometimes this is the only thing we can do. Sometimes however our moral dilemmas are amenable to a technical solution.

7. Even when women enroll in science and technology programs, many drop out due to lack of flexible work hours and child care, therefore, quality health care, financial resources, higher social and economic status, are significant roles in government and politics and are needed to help woman achieve parity in the fields of science, technology and innovation.

8. Economic opportunity, the internet and LGBT people together can benefit if some companies welcome LGBT employees because it is good for business.

9. Despite efforts to give women greater access to education in science and technology in some countries, the research shows they are still significantly under-represented in many degree programs, especially in engineering, physics and computer science. But even with improved access to science and technology education, women have not increased their numbers in the workforce in these professional areas. In fact, in some countries, including the USA, the number of women in the science and technology workforce is declining.

10. During and following the War, computer programming became known as a “woman’s” profession, analogous to clerical work.

11. Special feature of the responsibility of engineers, are not the responsibility to prevent situations which are morally dilemmatic and which must inevitably lead to suboptimal solutions or compromises and trade-offs from a moral point of view.

12. Women in Science, Technology, Engineering, and Mathematics (STEM) presents in-depth accessible profiles of environmental and social barriers: including stereotypes, gender bias, and the climate of science and engineering.

13. Telecommuting can increase productivity, save money and improve employee satisfaction. However, a remote workforce can present unique challenges, including employees who are absent from company culture. Consider using technology to address this challenge by incorporating social collaboration tools (e.g. Salesforce Chatter, or online videoconferencing) to simulate the face-to-face office experience.

14. The tech industry rallying together to support America’s LGBT community means far more than just protecting business though. It is also an important reminder of the profound impact that technology and the Internet have on the lives of minority, marginalized, and repressed communities, including the diverse LGBT community.

15. If society would turn around the causes of the lack of women in science and technology, it will open up new and rewarding career pathways for women as well as bringing huge benefits to STEM industries.

16. For years, HR departments have paved the way in the use of technology for the workplace. And, with the proliferation of new technologies, particularly mobile, this pattern should continue since the HR function touches every employee of a company.

2. What is meant by technological advance and how does the concept impact firms in the long run? Distinguish between invention, innovation and development and provide an example of each.

Generate 10 opportunities for innovation related to the microwave oven (that is, list 10 ideas or features that can enhance the design of a microwave oven or make it easier and safer to utilize).

Identify functional strategies that build competitive advantage through superior efficiency, quality, innovation, and customer responsiveness (Specifically: Finance, Operations, Human Resource Management, Marketing)

What relationship exists between Innovation, IP Rights and Economic Modernization, please give examples. (400 words or more)

TYPE ANSWER please no handwritten notes