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Multiple Choice (1 Viewer)

ChaoS-GoD

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can someone explain q15 to me?!?!? i dun get what the answers mean :( i put C and u guys say answer is D. can someone with strong economic knowledge (seems to be everyone but me) explain especially C and D? oh btw me 19/20 where q15 is wrong.

edit: oh seems it has been mentioned already... well more explanation plz! :)

more edit: as with Toby, i thought both were right... but if i had used my calc to work out TWI, i would've realised a change from 90.9 to 98 was more than "improved marginally", hence making D more correct... (f@*k!!) 20/20 gone!! :(
 
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Toby

hmm..
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arrghh i thought i just explained it :(
well guess not... not good enough skills i guess
there was an improvement in the terms of trade, meaning an increase in export prices relative to import prices (from 90.9 in year 1 to 98.2 in year 2)
this means that few exports would be required to buy the same volume of imports
i.e. D
 

Minai

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I've gone thru the paper, and I have to agree with theone123's answers for 20/20
 

simmic

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well I thought c and d both sounded right but I wan't sure about improving marginally so i just choose (d)

yah!! I forgot what I got 4 question 5, whether b or c but I'm pleased with either a 19 or 20 out of 20
 

ChaoS-GoD

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any1 posted (or even want) a copy of the exam up? my examiners made us take our exam booklets with us. if there isnt a copy already up and someone wants copy, i can go scan it now
 

smeyo

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from that 19/20 there is always a stupid mistake in there damn natural rate of unemployment i always forgot that one.. oh well.. still great.
 

kt san

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Originally posted by beemo
i got this

1. C
2. C
3. C
4. A
5. A
6 B
7 B
8 D
9 D
10 A
11 B
12 A
13 B
14 C
15 D
16 D
17 B
18 B
19 C
20 D
that's 16/20

Originally posted by Blondie
.................so you're saying i might have gotten 19 out of 20!?!??!?!?!?!?!!? OMG!!!!!!!!!! IVE NEVER GOTTEN THAT!!! i always get 13 or 14. i managed a 15 once :D i was so proud :)
i think u got 17/20, cos i checked the answers with my eco teacher after the test

Originally posted by Toby
umm q11
can someone check that?
you guys seemed to put A
I thought it was B (also checked after the exam)
cuz the RBA has to buy $A through selling its foreign reserves
A was there to trick you :)
well... at least i hope!!!!
eco teacher said 11 D, i put 11A, i think that's the only thing i got wrong
 

kt san

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actually
my bad...i remember discussing with da teacher and yes 11a is right
 

Damien

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Nov 2, 2003
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GAY!!!!!!!
17/20
That stupid Keynesian stuff wrecked it. I got both wrong! (The consumption function and equilibrium income)
 

pigs_can_fly

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i got:
1. c
2. c
3. c
4. a
5. d
6. b
7. b
8. d
9. d
10. a
11. a
12. a
13. b
14. c
15. d
16. a
17. b
18. b
19. c
20. d

i'm fairly confident they're all right, but let me know if u think anything's wrong :)
 

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