Official Economics Exam Discussion

[m08]

i dont remember what the question was
but i remembered i put D and was really confident abt D
now not so much, and i think i read it wrong

[champorado]

huh? what option was c?

[chikopapi]

The question was "Which one of these is not true"

And the Answer D was : An increase in the incomes of those in the high income groups would shift the lorenze curve to the left.

This is not true. An increases would make the distribution of income more inequal, moving it further to right, not the left, widening the cap between the lorenz curve and the egalitarian line.

[chid]

The question was "Which one of these is not true"

And the Answer D was : An increase in the incomes of those in the high income groups would shift the lorenze curve to the left.

This is not true. An increases would make the distribution of income more inequal, moving it further to right, not the left, widening the cap between the lorenz curve and the egalitarian line.

Hence the reason why D is correct... right?

[chikopapi]

Yes

[samnoy]

yeah i did the carbon emissions trading scheme as well seemed lyk it fitted
35 million dollar grant.. i havent heard of that but that would be applicable to

[savk696]

Hey guys how was economics? Yeah I agree it was pretty fair, though a lot more questions on fiscal and monetary policies. And whats up with 4 questions? O.o lol. Didn't expect the terms of trade to be in there.

Anyways here are the answer for the mc, done by my economic teachers

1 A
2 C
3 D
4 A
5 A
6 D
7 B
8 C
9 B
10 C
11 A
12 C
13 A
14 D
15 C

If anyone disgree, it is always good to discuss about it xD. Anyways cheers guys and hope everyone did well

[chikopapi]

15 is D. See previous posts.

[cobby]

I thought the last question was which of these is FALSE. which wood be C.

i got C too for that question

[costargh]

Anyways here are the answer for the mc, done by my economic teachers

1 A
2 C
3 D
4 A
5 A
6 D
7 B
8 C
9 B
10 C
11 A
12 C
13 A
14 D
15 C


If anyone disgree, it is always good to discuss about it xD. Anyways cheers guys and hope everyone did well

I hope your teacher's a good one. lol

15 is D. See previous posts.

What makes ur answer the right one and not the teachers?

I'm not too sure myself cause i cant rememebr the wording of the question and thats what matters, not just off the top of ur head.

[savk696]

It can be subjective to change. If there is anymore, please let me know so I can fix the mistakes.

[chikopapi]

Can anyone remember the answer for C then?

[champorado]

You got C for the last one as well. Do you remember the option? I thought for sure it was D.

CAN SOMEONE TELL ME WHAT C ACTUALLY SAYS? I"M GOIN CRAZY HERE.

[savk696]

Anyways here are the answer for the mc, done by my economic teachers

1 A
2 C
3 D
4 A
5 A
6 D
7 B
8 C
9 B
10 C
11 A
12 C
13 A
14 D
15 C


If anyone disgree, it is always good to discuss about it xD. Anyways cheers guys and hope everyone did well

I hope your teacher's a good one. lol

15 is D. See previous posts.

What makes ur answer the right one and not the teachers?

I'm not too sure myself cause i cant rememebr the wording of the question and thats what matters, not just off the top of ur head.

I hope it is c, because I put c. I thought about D but C just seem to be the right one.

They use to be exam's assessors, so I'm pretty confident, but then again everyone makes mistakes , even the best of people.

[costargh]

When i did the last question i was very confident it was C but cant remember why now.