Section I - Multiple Choice (1 Viewer)

saints123

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what were the options for question 2 i didnt get to take the paper
 

saints123

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the subsidy was 2 dollars my teacher worked it out after the exam
 

manu1984

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A. reduce number of rewards
B. replace enterprise agreement
C. reduce min wage
D. remove safety net
 

User12

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You are a deadshit, the value of the subsidy is given by the vertical distance between the supply curves.
LOL thought so, was abit confused with what the other bloke said
 

jt9531

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what did everyone get for Q17..
was it the foreign currency in terms of aus or the aus in terms of foreign?
it took me a while....
 

cookeemonstah

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A. reduce number of awards
B. replace enterprise agreement
C. reduce min wage
D. remove safety net
shit i put B,

As part of the recent changes to fair work Australia, awards were streamlined from an estimated 4300 to 150. These consolidated awards are now referred to as modern awards
 

paddydbarry

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Another "tricky" one that tricked lots in my class the the Equilibrium of Income question.

They balanced but as exports where higher or (lower??) i'm pretty sure the answer was B
 

reflectia

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/facepalm

guize, over complicating it. it's just the vertical distance between the change in supply curve.
ie. subsidy is $2
 

littleremedy

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hey if anyones teachers have worked out the answers- do you guy minds posting it onto here?
 

choiyokbao

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so was Q18 simply just $2...? no fancy crap/working out required??? if so DAMNNN
 

osak23

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budget surplus B
\was question 2 A?

WAS Q3 B...?

AND FARKEN READ EXCHANGE RATE WRONG SO YEH GOT C BUT ITS RONG
 

cookeemonstah

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dude its a question to test our ability with economic models. its calculation, its $8. 8/1 = $8
the size of the subsidy is $1 no way it can be $2 i dont see the line extending up to $12.
every subject has logic in it. subsidies are normally 10-15% so.. i doubt the markers didn't know about that.
 
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