Macro & Micro economics
Project description
– http://www.abc.net.au/news/2013-12-11/timeline-holden-history/5150240
– http://www.abc.net.au/radionational/programs/rearvision/the-australian-car- industry/4776166#transcript
these are the question to answer refers from micro-economic and the sources from those two websites:
1. Why did the Australian government give protection to the Australian car industry after World War 2?
2. Give reasons for the decline in Holden’s share of car sales in Australia from over 40% in 1958 to 15.2% of total sales in 2006 and finally the shut down in 2017. What impact will the shutting down of Holden have on the economy?
3. Why has the Australian government stopped giving protection to the car industry?
4. Does Australia have a comparative advantage in the production of cars? Explain your answer.
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