Section I - Multiple Choice (1 Viewer)

cookeemonstah

Member
Joined
Jul 30, 2012
Messages
164
Location
I am on the run and I am chasing guys for fun
Gender
Male
HSC
2012
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.
 
Last edited:

inJust

Member
Joined
May 3, 2011
Messages
700
Gender
Male
HSC
2012
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
Joined
Sep 2, 2011
Messages
178
Location
Gotham City
Gender
Female
HSC
2012
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
Joined
Aug 6, 2012
Messages
160
Location
Planet Earth
Gender
Undisclosed
HSC
2012
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
Joined
Jul 12, 2011
Messages
2,258
Gender
Male
HSC
2012
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
 

mickstarify

Member
Joined
Nov 9, 2011
Messages
69
Location
Parramatta
Gender
Male
HSC
2012
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
Joined
May 16, 2012
Messages
715
Gender
Undisclosed
HSC
2012
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
Joined
May 16, 2012
Messages
715
Gender
Undisclosed
HSC
2012
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
Joined
May 28, 2011
Messages
5
Gender
Undisclosed
HSC
N/A
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?
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top