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Section I - Multiple Choice (1 Viewer)

ameobi_lovers

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Everybody has different answers. Just shows how vague the questions were.
 

silence--

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i agree with those answers above

reckon i got 19 or 20/20 then. (because i cant remember what i put for q7, lol. was tossing up between C and D)
 

NubMuncher

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i agree with those answers above

reckon i got 19 or 20/20 then. (because i cant remember what i put for q7, lol. was tossing up between C and D)
Reckon you can put the questions up? The supervisors at my place are cunts and wont let us take then exam =/
 

mattopirotta

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1) c
2) a,
3) c
4) d
5) a
6) b
7) c
8) a
9) d
10) c
11) b,
12) d
13) c,
14) b,
15) b
16) b
17) c,
18) d
19) b
20) c

Those are the answers.
If this is correct then I got 18/20 which I'm pretty happy with considering in was relatively difficult. Devastated that I got 17 wrong though. Simple calculation error. Oh well hopefully I'm on the way to a band 6...Good luck everyone
 

justjared

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um whoever said that 17 was C is wrong.

The value of the shirt is still 10 bucks so uve got

300 x 10 - (100 x 10) NOT 15 cos the government gets the tarriff..not the producer
therefore the answer is D
 

13abie

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1) c
2) a,
3) c
4) d
5) a
6) b
7) c
8) a
9) d
10) c
11) b,
12) d
13) c,
14) b,
15) b
16) b
17) c,
18) d
19) b
20) c

Those are the answers.
If those are right then I got 18 :/
But I don't understand how 17 was C, I got D. Can you explain?
 

Staplerrr

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With the tariff multiple choice question, remember that the government gets the revenue from the importers at the new price. Therefore the foreigners only earn revenue of (300-200) times 10 = 1000. Therefore there is a change of 2000.
 

brent012

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um whoever said that 17 was C is wrong.

The value of the shirt is still 10 bucks so uve got

300 x 10 - (100 x 10) NOT 15 cos the government gets the tarriff..not the producer
therefore the answer is D
Thats what i thought in the exam as well but im not sure if its correct anymore.
 

kev-is-red

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um whoever said that 17 was C is wrong.

The value of the shirt is still 10 bucks so uve got

300 x 10 - (100 x 10) NOT 15 cos the government gets the tarriff..not the producer
therefore the answer is D
I hope you're right, because I did D as well.

But, your logic is flawed.
 

as16

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1. c
2. a
3. c
4. d
5. a
6. b
7. d (no idea)
8. a
9. d
10. b
11. b
12. a
13. d (apparently answer is c)
14. a
15. b
16. b
17. c
18. d
19.b
20. c

they are my answers, really tough multiple choice, i doubt il get above 15..
i got the same except:
10B
12D
17D
and yeah i got C for 13
 

NubMuncher

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I hope you're right, because I did D as well.

But, your logic is flawed.
Yes, its flawed. Gov gets tarriff from imports, but domestic producers will be able to sell the good at $15 and don't pay a tariff. I forgot the question though so maybe im wrong
 

weirdguy99

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Yes, its flawed. Gov gets tarriff from imports, but domestic producers will be able to sell the good at $15 and don't pay a tariff. I forgot the question though so maybe im wrong
They're asking for the decrease in foreign producer revenue.
 
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