Eco Exam

[jwcjwc]

how'd everyone go??

[hicksy]

yeh, I thought it was pretty fair.
Can anyone remember the last multi?
I wasn't sure about it


(the great man)

[Highacheiver]

I dont know I feel kinda blahh about it... it wasnt too hard but nearly ran out of time and I feel like some questions I didnt answer as fully as I could (
What was the last mc again?

[Damoz.G]

Could someone please tell me why Multiple Choice Questions are worth 2 marks each for Economics? How can you earn 1 Mark?

[jwcjwc]

i think it was about the conditions of purely competitive markets and monopolistic competition markets....you had to choose which condition was not the same for both types of market...

if that makes sense..........

[Jandrews1]

Didn't finish, lost a guaranteed 11 and rushed a few. Not happy

[hicksy]

i think it was about the conditions of purely competitive markets and monopolistic competition markets....you had to choose which condition was not the same for both types of market...

if that makes sense..........

yeh that's the one, I said the large number of sellers was the difference, but I think the answer would be differentiated products...

[nomorecookies]

 
i left the whole 2 last pages blank. It wasn't hard but it was waaay too long what the hell?
And they were really repetitive in their questions. I'm on the verge of tears because i knew the answers i just wasn't physically able to write it in time urg. So bad. So bad.

[dim_sim]

I thought it was okay, but the question about the two-speed economy was unexpected lol.. 
And what was the answer for the MC that asked "which isn't an automatic stabiliser"? Was it "wages for public servants" or "social welfare payments"?  (please don't tell me it was one of the others haha)

[yoyo23]

how did everyone go with q2 MC? it was something like what would happen to the demand curve if the carbon tax did something
and Q12 MC) it was about the imported goods in australia decreasing would be affected least likely by...
anyone have any ideas?

[hicksy]

I thought it was okay, but the question about the two-speed economy was unexpected lol.. 
And what was the answer for the MC that asked "which isn't an automatic stabiliser"? Was it "wages for public servants" or "social welfare payments"?  (please don't tell me it was one of the others haha)

it was public servants!!
the others all change automatically in differing economic conditions

[abcdqdxD]

Thought the exam was quite fair. Majority of it was fairly straightforward.. 2 speed economy was a curve ball ><

Last MC I did differentiated products and for carbon tax I did shift supply curve to the left causing a contraction in demand and oh public servants for the auto stabilisers

[no steez]

Holy shit first off, I was writing frantically for 2 hours, my mind didn't wander off like it did during english.
I did all the short answers first so I could guess multiple choice if I ran out of time. I was too rushed to think rationally and logically to do the multiple choice so I ended up guessing alot.
I think this years exam was mainly focusing on the bigger picture of the economy.
I'm hoping for a 33+

[hicksy]

Holy shit first off, I was writing frantically for 2 hours, my mind didn't wander off like it did during english.
I did all the short answers first so I could guess multiple choice if I ran out of time. I was too rushed to think rationally and logically to do the multiple choice so I ended up guessing alot.
I think this years exam was mainly focusing on the bigger picture of the economy.
I'm hoping for a 33+

yeh I was pretty strapped for time as well,
quick question why is economics not in your signature?!?!?

[TechnicallyDead]

Lets just not talk about it......... so sad right now 

it was public servants!!
the others all change automatically in differing economic conditions

^^ Got the same, but may have guessed