Economics Predictions/Thoughts (2 Viewers)

[LennyC123]

paper attached.

it's a bit out of order and it has some marks on it but better than nothing

EDIT. btw they are not my answers so some may be wrong

What did everyone get for multi. I got 18/20 getting 12 and 20 wrong.

 

[RiverRat_RidesR7]

paper attached.

it's a bit out of order and it has some marks on it but better than nothing

EDIT. btw they are not my answers so some may be wrong

Can someone explain 18 to me please?? Why is it not $2000

 

[bigbird102]

if those r the answers im on 20/20 for multis. guess we'll find out later anyways
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What did everyone get for multi. I got 18/20 getting 12 and 20 wrong.

 

[v.tex]

did you end up memorising stats or just winging it

A bit of both, I mentioned like a tiny bit

 

[LennyC123]

Can someone explain 18 to me please?? Why is it not $2000

I’m guessing you calculated it as if the foreign producers made $30 for units of beef sold once the tariffs were introduced. If so that would be incorrect because they only make $20 per units of beef sold and the other $10 goes to the government.

 

[LennyC123]

if those r the answers im on 20/20 for multis. guess we'll find out later anyways
i

i

if those r the answers im on 20/20 for multis. guess we'll find out later anyways
i

I think 20 is incorrect. I did b for my exam which definitely makes the most sense to me, ChatGPT also has b as correct.

 

[Superstitic]

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I think 20 is incorrect. I did b for my exam which definitely makes the most sense to me, ChatGPT also has b as correct.

the tax is the vertical distance between both curves, you can research this. I'm not sure what prompt you gave chatgpt but im like 95% sure its D. How did you get B?

 

[soph235897]

did anyone else find the essays really messy to structure

 

[LennyC123]

the tax is the vertical distance between both curves, you can research this. I'm not sure what prompt you gave chatgpt but im like 95% sure its D. How did you get B?
View attachment 50172

The options confused me because d was negative. So I just did b as the equilibrium price for each. For chat I just took a screenshot of the question and asked what answer was the correct one.

 

[bigbird102]

The options confused me because d was negative. So I just did b as the equilibrium price for each. For chat I just took a screenshot of the question and asked what answer was the correct one.

its not a negative tax. the dash is a range. not actually price 3 minus price 1.

 

[bigbird102]

its not a negative tax. the dash is a range. not actually price 3 minus price 1.

its a terribly presented question. i just assumed B was too obvious and if u considered u need to get the private cost to the social cost the only answer i could think of was P3 and P1. i only realised it was a range after the exam after putting D after kids said

 

[LennyC123]

its not a negative tax. the dash is a range. not actually price 3 minus price 1.

Yeah and if it was a minus that would mean 3 of the answers would have to be the same so even still I should have got d.

 

[bigbird102]

Yeah and if it was a minus that would mean 3 of the answers would have to be the same so even still I should have got d.

wdym

 

[LennyC123]

wdym

If I was minusing each one all of them except for d are one unit apart so I would of got 1, 1, -1 and then -2 units for d, so then I should have realised that it was d. If that makes sense

 

[LennyC123]

wdym does that mean q20 is actually b

Nah I’m just tripping out

 

[coolcat6778]

which is harder, hsc physics mcq or hsc economics mcq?

 

[v.tex]

which is harder, hsc physics mcq or hsc economics mcq?

Physics

 

[Lex Orwell]

I believe 8 and 17 are correct as I talked with my class and my teacher after the exam, as for 20 I am unsure, I am a dunce and put b down in a panic. I still don't see the apparent logic for it but honestly I am pleased with the multiple choice for this exam for the most part

 

[Lex Orwell]

I guess my logic during the exam was the attempt to align social costs to private costs with the tax accounting for this

 

[Lex Orwell]

Hopefully the confusion will result in an occasional either or answer from the marking centre, I doubt it but you never know what can happen