Section I - Multiple Choice (1 Viewer)

cookeemonstah

Member
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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Member
dude it wasn't \$8, it was \$4

inJust

Member
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.
Lol, my economics teacher who is the head-HSC marker said it's 2\$ so...

carpe_diem

Member
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
Exports were higher than imports, so that ruled out the trade deficit option. Therefore, answer was B (surplus)

CommunityFan

Member
THE FRIGGIN LINE FOR Q18 wasn't even in the \$12 equilibrium thingy!!! it was realistically \$1 difference so I leave that blank!!!

deswa1

Well-Known Member
Q18 is defs \$2. They show you the vertical distance between the two on the graph -> its just not that clear at the equilibrium point -> look a bit left of that

Yeah it's \$2

mickstarify

Member
So Anyone want to make a guess as to all the answers. heres what I think it is

1B, 2A (i put b..derp) 3B, 4A (is it B, idk guessed), 5A, 6C, 7B, 8D, 9D
10C, 11C, 12D, 13D, 14B, 15A, 16A, 17C, 18A, 19C, 20D

Please correct this where you think I'm wrong (give reasoning). Cheers

Rawf

Member
So Anyone want to make a guess as to all the answers. heres what I think it is

1B, 2A (i put b..derp) 3B, 4A (is it B, idk guessed), 5A, 6C, 7B, 8D, 9D
10C, 11C, 12D, 13D, 14B, 15A, 16A, 17C, 18A, 19C, 20D

Please correct this where you think I'm wrong (give reasoning). Cheers
I'm pretty sure they're all right. I've got the same answer.
And yes, 4 is A

Rawf

Member
Yeah it's \$2
Yep the subsidy is \$2, I don't know why people think its \$4....
I even asked my teacher after the test

cookeemonstah

Member
So Anyone want to make a guess as to all the answers. heres what I think it is

1B, 2A (i put b..derp) 3B, 4A (is it B, idk guessed), 5A, 6C, 7B, 8D, 9D
10C, 11C, 12D, 13D, 14B, 15A, 16A, 17C, 18A, 19C, 20D
wtf how did u remember all that stuff.

mickstarify

Member
wtf how did u remember all that stuff.
I took the exam paper?
didn't anyone else?

Rawf

Member
I took the exam paper?
didn't anyone else?
Yeah I took my exam paper too, we're allowed to haha. I also circled my answers on my question booklet as I went so I could check if I coloured in the right bubbles later.
(and that actually helped cause near the end I realised I coloured the wrong bubbled by accident)

jnigga07

New Member
I chose D for question 9, but my teacher said the answer was B because a lowering of the cash rate meant more disposable income and since Y=C+S it meant that there was a rise in both consumption and savings. I chose B because the interest rate is lower meaning there is less incentive to save. Thoughts?