Economics HSC Exam Predictions/Thoughts (2 Viewers)

[notme123]

Hey guys, we can't change answers now, can we? Its in the hands of the higher ups at the economics marking. Poopy question :\

you can always email them but idk if it would work. they shouldnt be putting kids future on the line tho. more thought and care shouldve been put into this exam. all my teachers colleagues didnt like this exam, all sections

 

[sab13562]

no d is correct because since its intended, its NOT an externality which is what the q is asking. this is what they tried to test but they did it poorly. they couldve chosen a better question for example: which of the following is not an externality for creating a port near a city:
A: more boat noise pollution
B: more oil pollution in oceans
C: increased trade flows to the city
D: increased incomes for workers on site

answer is obviously c cuz c is intended thus not an externality

Oh my, D completely went over my head, and twice! you're right its D. Then again, you could argue the other points as well. As you said, poor word choice.

 

[sab13562]

you can always email them but idk if it would work. they shouldnt be putting kids future on the line tho. more thought and care shouldve been put into this exam. all my teachers colleagues didnt like this exam, all sections

I hated the last section most. The essay options were terrible, and threw me off real bad

 

[sab13562]

I hated the last section most. The essay options were terrible, and threw me off real bad

The fiscal/monetary essay was ok though.

 

[sab13562]

[

alternatively, if we assume that the removal of the traffic lights allows for more free flowing traffic and allows more cars to pass through.

A: more cars passing through = more noise pollution from cars (easy to explain)

B: local streets will build up because cars will be more free flowing on the tollway, creating traffic on local streets where traffic lights still exist.

C: even tho there is less traffic on the tollway (under the assumption above), noise pollution has increased as per above and local street traffic has increased. the value of land will decrease for obvious reasons. who wants to live somewhere where pollution and traffic exists lmao? there is no externality here!

D: removal of traffic lights = more free flowing traffic = decreased travel time on the tollway.

Honestly I overthank this question way too much. Thanks for clearing it up!

 

[sab13562]

dude everyone did, don’t worry. i think they will give more than one answer to the question tbh, but i am very sure that the final answer is C.

Good to know. Yeah, I also think that more than one answer will be given.

 

[notme123]

B: local streets will build up because cars will be more free flowing on the tollway, creating traffic on local streets where traffic lights still exist.

B: removing traffic lights = more traffic on both the tollway and local streets. this is the easiest one to eliminate and cannot be true at all.

i dont get these explanations they dont make sense. i dont think theyre literally removing traffic lights, its a new highway created that removes the use of 24 traffic lights

for the first one yes existing traffic will still exist but i dont think it increases.
second one i dont know what you mean tbh

 

[sab13562]

i dont get these explanations they dont make sense. i dont think theyre literally removing traffic lights, its a new highway created that removes the use of 24 traffic lights

God now I'm lost . Im sticking to B at this point.

 

[notme123]

think about it like this
if you have 100 cars in total starting from point a, 50 want to get from point a to point b on the other side of 24 traffic lights, the other 50 need to use the traffic lights to move within town, the bypass will reduce the usage of traffic lights from 100 to 50 cars, creating less traffic in local streets.

whatever we cant change it now

 

[sensored12]

D: tollway has replaced traffic lights = less congestion, less traffic because there is no more stop and start of cars (which happens with traffic lights). therefore travel times for users of the tollway decreases.

By definition, an externality is unintended.

Decreased travel times is an intended consequence of removing traffic lights. The answer is therefore D no?

I also picked C, but D is the more logical answer IMO. Hopefully, they award two correct answers (as has been done in the past)

 

[notme123]

By definition, an externality is unintended.

Decreased travel times is an intended consequence of removing traffic lights. The answer is therefore D no?

I also picked C, but D is the more logical answer IMO. Hopefully, they award two correct answers (as has been done in the past)

ye the intended answer was d but everyone ive spoken to chose b or c.

 

[uniqueusername1]

ye the intended answer was d but everyone ive spoken to chose b or c.

aight bro who cares man

we gettit you guys are sweats and have a ton of free time

but i think there are other ways you can put your brains to use

for example try cooking

 

[notme123]

aight bro who cares man

we gettit you guys are sweats and have a ton of free time

but i think there are other ways you can put your brains to use

for example try cooking

actually i tried to learn japanese. maybe i should continue

 

[sensored12]

How do we know that deceased travel times is an intended consequence? For all we know, the only intended consequence of this decision was to cut the cost of traffic lights or something random like that. This is why the question is so subjective. You simply cannot tell what is the unintended and intended consequences of this decision as we don’t have enough information.

I think they will accept C or D, but the ‘most right’ answer is C, as it there is little to no reasonable explanation as to why house prices would rise and hence it’s neither an unintended or intended consequence - if anything, it’s not even a consequence.

I wouldn’t fret about it, though. I wouldn’t even be surprised if NESA allow for all four answers. We have approximately 12 days until our ATARs are out and all HSC Eco marking would have been completed by now.

Nothing we can do about it now other than prey to the NESA gods.

It could be argued that by building a new tollway, greater noise and air pollution would make nearby land less attractive, decreasing its value (rather than increasing it), so C should be the correct answer.

But yeah, nothing can be done except pray to NESA... Best of luck for a state rank

 

[notme123]

How do we know that deceased travel times is an intended consequence? For all we know, the only intended consequence of this decision was to cut the cost of traffic lights or something random like that. This is why the question is so subjective. You simply cannot tell what is the unintended and intended consequences of this decision as we don’t have enough information.

ye I got this vibe too but since they say it's for users that what makes it a first-party impact. i emailed nesa once about a question i might email again.

 

[notme123]

Ikr, it’s so weird. May be worth a message to NESA

too late now, markings are done. pre sure theyre announcing first in state soon.

 

[notme123]

official answers if anyone cares anymore

https://educationstandards.nsw.edu.au/wps/wcm/connect/c6df7abb-c60d-4e04-afe2-b0f650df0654/2021-hsc-economics-mg.pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE-c6df7abb-c60d-4e04-afe2-b0f650df0654-nWtnhwU

 

[Jojofelyx]

official answers if anyone cares anymore

https://educationstandards.nsw.edu.au/wps/wcm/connect/c6df7abb-c60d-4e04-afe2-b0f650df0654/2021-hsc-economics-mg.pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE-c6df7abb-c60d-4e04-afe2-b0f650df0654-nWtnhwU

lol no idea how i copped a 95 in this shit, istg looking at those solns that i wouldve lost so many more lmao

 

[notme123]

lol no idea how i copped a 95 in this shit, istg looking at those solns that i wouldve lost so many more lmao

same honestly. i got 17 in mc which im happy with

looking at last essay solutions seems i got like 16 maybe

 

[killersharkwhale]

same honestly. i got 17 in mc which im happy with

looking at last essay solutions seems i got like 16 maybe

same