Appl Ex 1c

Application Exercise 1c

Economic statement



1.  Company tax cuts should increase economic activity



2.  The Australian government is spending an insufficient amount on education



3.  Australia is one of the wealthiest countries in the world



4.  Australia’s minimum wages are too low



5.  Legalising marijuana for medical purposes will increase the rate of illegal drug use



6.  An oversupply of crude oil contributed to lower crude oil prices over 2015-16



7.  Carbon emissions are contributing to global warming and climate change



8.  The best way to address climate change is to prohibit the production of coal fired electricity



9.  Spending on smart phones creates employment and generates income



10.The increased use of social media by children is harmful to their long term well-being