Nobody downloaded yet

FIND a newpaper article on Australian wine industry and answer five questions(use macroeconomic model/diagram to support) - Assignment Example

Comments (0) Cite this document
Summary
Xxxxxxxxxxxx Xxxxxxxxxxxx Xxxxxxxxxxxxx 2 November 2011 http://www.theage.com.au/business/strong-a-hangover-for-wine-20110824-1ja8z.html The article highlights the adverse effect of a strong Australian Dollar on the Australian wine industry. It enlists factors such as unfavorable exchange rates and global economic downturn as the reasons for the plight of the wine industry…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
FIND a newpaper article on Australian wine industry and answer five questions(use macroeconomic model/diagram to support)
Read TextPreview

Extract of sample
"FIND a newpaper article on Australian wine industry and answer five questions(use macroeconomic model/diagram to support)"

Download file to see previous pages An attempt shall also be made to predict the course of events in the immediate future. The key economic argument that is presented in the article is that of the Balance of Payments and Exchange Rate Determination. Balance of payments is the sum of current account and capital account. The current account measures the exchange of real goods and services as well as transfer payments – things consumed in the current period. The capital account measures stocks, bonds and capital abroad. An exchange rate is the amount of currency you would pay to receive a given amount of another. In flexible exchange rate regime like Australia, exchange rates are determined by global supply and demand for currencies. The figure below shows the determination of the floating exchange rates in relation to British Pounds– The article gives its perspective on challenges faced by the wine industry. It tells that global financial uncertainty and volatility have led to the current strengthening of Australian dollar. This has led to the increase in export prices and hence decline in wine sales. The highlight of this article is the reduction in total sales by around $14.4 million. The reason is attributed to unfavorable exchange rates. ...
and U.S. Australia has a very low debt-to-GDP ratio and a strong fiscal position. These factors increase the demand for the dollar as shown by the figure below. As it can be seen, with increase in demand there is an increase in the value of dollar. But there is an argument which can be presented here is that there is an increase in sales in U.K. despite the strong dollar. The reason can be attributed to the quality of Australian wine, excellent marketing and unwillingness of U.K. consumers to change their drinking habits. There are many macro-economic implications of the news presented by the article. It is mentioned that the Australian wine company has decided to shift its wine packaging and bottling process overseas. This will result in loss of jobs and also loss of revenue for the Australian government. The strengthening of dollar can lead to increase in imports and hence a trade deficit. The solution for wine industry may lie in increasing the supply and hence neutralizing the effect of increasing the demand of dollar. The government also needs to respond to the needs of wine industry before Australian consumers become used to imported ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“FIND a newpaper article on Australian wine industry and answer five Assignment”, n.d.)
FIND a newpaper article on Australian wine industry and answer five Assignment. Retrieved from https://studentshare.org/macro-microeconomics/1435318-find-a-newpaper-article-on-australian-wine
(FIND a Newpaper Article on Australian Wine Industry and Answer Five Assignment)
FIND a Newpaper Article on Australian Wine Industry and Answer Five Assignment. https://studentshare.org/macro-microeconomics/1435318-find-a-newpaper-article-on-australian-wine.
“FIND a Newpaper Article on Australian Wine Industry and Answer Five Assignment”, n.d. https://studentshare.org/macro-microeconomics/1435318-find-a-newpaper-article-on-australian-wine.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Answer the following macroeconomic questions
economy at worst however, various lessons have been learnt. One of the lessons learnt by the institutions and industry is related to good management. Most of the investments made in the U.S. mortgage industry were made without considering the possible results in future and were purely based on market speculations.
1 Pages(250 words)Assignment
Find a newpaper article on wine industry and draw a link to a macroecnomic concept
The news article refers to the global economic slowdown (Economic cycle), extra harvest (Supply), change in consumers’ drinking habits (Demand) and the strength of Australian dollar (Currency). All these factors are components that can be used in the Aggregate
5 Pages(1250 words)Assignment
Answer questions on a scholarly article
The mentioned article is divided into identifiable sections that visually make text easy-readable and well-structured. Literary work contains abstract, introduction, main part,
1 Pages(250 words)Assignment
Answer the five following questions
The spokesman in the advertisement is an expert in the field considering the manner in which they bring out the liveliness and reality in the pictures. The intention of the spokesman is therefore to capture the imagination of the audience
1 Pages(250 words)Assignment
Answer questions
nomy, considering industries that supply us with basic needs such as food, shelter and clothing, we are to pay increasing costs and prices with every passing day. This is because the oil wells and reservoirs being exploited more and more expensively and the costs being reflected
3 Pages(750 words)Assignment
How WSJ article relate to Porter's Five Force Model
1- The Industry: Russia is a huge country and has puzzled the investors for this reason and for its confusing history. Russia still has the world’s largest gas reserves and the country is said to share 21% of the total unexplored oil reserves. The country
1 Pages(250 words)Assignment
Answer 3 questions after reading the article
Generally, the writer’s purpose is to inform the audience regarding heart conditions and how the company’s product handles the condition. The information is simplified to eliminate medical jargon and enhance the understanding capacity of the targeted audience. The
1 Pages(250 words)Assignment
Answer Questions
Buffers also hold the finite amount of the data. Additional information overflows in the adjacent buffer and overwrites the data held in the neighboring buffers. 10. You are periodically running vulnerability scans on your Web server. One day it
1 Pages(250 words)Assignment
Answer Questions
How concerned are you about this finding? Include your reasoning. These vulnerabilities are caused by errors in Mozilla maintenance service when interacting with
1 Pages(250 words)Assignment
Answer Questions
The strategic focus, therefore, affects five critical major developments in various departments. First, it is vital to acknowledge the cross-functional boundaries that define business units used by suppliers. It means a purchasing function
4 Pages(1000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Assignment on topic FIND a newpaper article on Australian wine industry and answer five questions(use macroeconomic model/diagram to support) for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us