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Amount domestic and international tourists are willing to pay weekly to guarantee that the Great Barrier Reef is protected. Table 1: How much are you willing to pay weekly to guarantee that the Great Barrier Reef is protected? Amount Domestic tourists International tourists $0 42% 27% $0.44 per week 21…

Work in groups of 4 to complete this task. Read each hypothetical scenario and answer the questions that follow. Scenario 1 The government plans to reform the tax system that does not involve changes to the tax rates for low-income earners. A major media outlet gets wind of the government’s plans and writes a story that focuses on wide-spread tax reform that will impact ALL taxpayers. a. Is the scenario an example of misinformation,…

Australia has 125 million hectares of forest (16% of the land area). Of Australia’s native forest, 3.5% is old growth forest. Old growth forests are ecologically mature and have developed over a long period of time without disturbance. The value of forests Forests have economic, social, and environmental value. There is economic gain from direct use such as logging and tourism that provides employment, income for workers as well as revenue for…

Complete the table below by considering the positive and negative social, economic and environmental impacts of each management strategy. Remember that people may have different perspectives on each management strategy. Strategy 1: Impose an environmental management levy payable by all taxpayers of the country to fund conservation of the forests and offset economic losses from not logging. Impact Social…

Part 1: What is identity and why is it important? According to Article 8 of the Convention on the Rights of the Child, we have the right to an identity throughout our lives, beginning from the moment we are born. Having a unique identity is important for a healthy and diverse society. At a basic level, our identity is our first name, surname, date of birth, gender, and nationality – everything that's recorded on our birth certificate, our…

When it comes to choosing a super investment option, your future could depend on the decisions you make now – so take a little time to make sure you’ve made the right choices by weighing up the options around investment strategies, timeframe, asset-mix, risk-return and volatility. Image: Annotated line graph showing the difference between conservative, balanced and growth investments in relation to risk, volatility and return on investment.…

Investigate the balance between risk and reward.  The following is an approximate of superannuation returns over a 10-year period. It assumes each fund holder had a balance of $100,000 in June 2008.  Investment types Value of fund in June 2008 Value of fund in February 2009 (Lowest point) Value of fund in June 2012 Value of fund in June 2018 Growth…

Society needs models and the qualities demonstrated by models influence how many people behave.  Do you agree with this statement? Why or why not? Working in pairs, examine the achievements of the most recent Australians of the Year and select one of the recipients to research as a case study.  For the selected person, discuss and record the:  achievements of the person person’s qualities valued by the…