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Questions and Answers
Question one: Policy Success or Failure
- The Australian government, led by Prime Minister Scott Marrison, has utilized reduced taxes as a policy response to curtail the COVID-19 pandemic. Although this policy’s implementation might boost private sector investment growth, the strategy would not be statutory. Hence, it may not offer benefits and contribute to the budget deficit (O’SullivanO’Sullivan, Mubarak, and Manohar). Therefore, while economic unpredictability implies that investment is a risky business venture, this policy may be ineffective in improving the country’s economy.
- People who would completely disagree would point to the government’s long history of support for the regulatory environment to suppress wage growth and curtail working people’s collective bargaining capacities. Therefore, the government should maintain the job seeker COVID-19 supplement as a permanent measure instead of reducing taxes.
- The implementation of job seekers’ supplement is the best response policy to ensure people maintain their collective bargaining power. As a result, economic inequalities will improve, and over-reliance on a few export industries will decline.
Question Two
Nudge theory aims to improve people’s behavior. According to Lin, Osman, and Ashcroft, the concept subconsciously directs individuals towards making better choices without limiting their freedom of choice to improve well-being and health (1). Nudge theory has been evident throughout the hospitality industry. By reducing plate sizes in restaurants, hotels have managed to reduce food waste while maintaining guest satisfaction- customers barely notice the difference (Yannick). Correspondingly, servers in fast-food restaurants offer extra options to go with the meals to increase the establishment’s profitability. As a result, nudges have enabled people to take good care of the environment and improve their health.
Works Cited
Lin, Yiling, Magda Osman, and Richard Ashcroft. “Nudge: Concept, Effectiveness, And Ethics.” Basic and Applied Social Psychology vol.39, no.6, 2017, pp 293-306.
O’Sullivan, Dominic, Mubarak Rahamathulla, and Manohar Pawar. “The impact and Implications of COVID-19: An Australian Perspective.” The International Journal of Community and Social Development, vol. 2, no.2, 2020, pp134-151.
Yannick, Bikker. “The 7 Most Creative Examples of Habit-Changing Nudges.” Medium, 15 Aug. 2019. www.medium.com/swlh/the-7-most-creative-examples-of-habit-changing-nudges-7873ca1fff4a. Accessed 1 Nov. 2020.