Activity 1c: Types of efficiency
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Scenario |
Efficiency type(s) |
↑ or ↓ |
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The government places an excise tax on all alcoholic beverages |
Allocative/Inter-temporal |
Increase |
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|
A factory replaces its workers with robots |
Productive |
Increase |
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The RBA increases interest rates to slow down consumption demand |
Intertemporal |
Increase |
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|
Supply disruptions caused by Government mandated lockdowns |
Allocative |
decrease |
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|
Students learn a range of competencies that allow them to work in a variety of workplaces. |
Productive |
increase |
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|
The Government introduces a policy to make Rapid Antigen Tests free |
Allocative |
Increase |
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|
The Victorian Government bans the sale of puppies from “puppy farms” |
Allocative |
Increase |
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The Australian Government provides recommended daily |
Allocative |
Increase |
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The government makes HECS fees higher for Economics degrees and lower for Teaching degrees |
Allocative |
Could increase or decrease |
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|
An increase in the number of fake news articles posted on social media |
Allocative |
Decrease |
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