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I found the short answers easy, finished them + multiple choice in bit over one hour. Multiple choice was quite perplexing. Expecting 14/20, 35/40 minimum for section II, and around 50-60% for the essays (or maybe more / less I have no idea how econ essays work I just dump everything I know :D)...

If I get into my university course after my HSC Can I accept the offer, then defer for not one but two years? What about three years (although I'd be a mature age student then) I'd rather take a break from education and work a bit, then go back to uni while still living in my parents...

science nonetheless

Step 1: Be economic god Step 2: Don't not be step one Step 3: ???? Step 4: Profit

I heard 4 is a good amount.

The superannuation is payed by the employer. Initially, it was 9% of the salary of the employee. Now, it is 12% of the salary of the employee. This 3% increase gets passed on to consumers. Thus, in a situation where the cost of the factors of production increases (i.e. labour in this case), and...

Stupid question tbh, you cannot objectively determine what is creative and what is not.

ah....yes totally - no fooling you I'm picking the obviously wrong answer because I want penis

I think creativity refers to the experiments they did. I can't quite remember the details though.

A,D were accepted in this question But I believe D is more appropriate, anyone else ?

YES +1 I was looking for the term 'forex market'. The supply of AUD in the forex market there would increase not sure about your second comment

Everything was helpful here Thanks guys Dixon sort of confused me with so many headings in this section, or maybe I'm just retarded :awesome:

http://www.roydonng.com/Documents/Year%2012/Economics/Economics%20hsc%20fomulas%20and%20stats.pdf

-Deregulation is a type of microeconomic policy -Corporatisation / Privatisation of PTEs is a type of micreconomic policy -The National Competition Policy was a type of microeconomic policy -Innovation and industry policy are a type of microeconomic policy -Labour market policies...

I think im wrong..I wrote that half brain dead

yes

1) Trading blocs don't promote free trade on a globalised scale as is in the case for globalisation, rather it is between a select group of member countries, usually within a regional basis. An example is the EU which as a policy called the Common Agricultural Policy. As a result of this...

If the demand increases, then supply of the AUD would also have decreased since more people are buying it. Since the supply decreased, by the law of supply and demand, the prices will go up and hence the currency appreciates. ...or I am missing something here, not sure..

yeah whats the point of stats if ur just regurgitating numbers shows you can memorise

The dollar depreciated, hence there must be an increase in supply of the AUD. D is wrong because if there is an increased demand for Australian exports by foreigners then the AUD would have appreciated since supply would have decreased. C is wrong because if there was a decreased demand...