VCE Economics

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1.
1 point
In which one of the following market structures is a firm always a price-taker?
2.
1 point
Which one of the following statements concerning the Consumer Price Index (CPI) is false?
3.
1 point
Which one of the following would be the most likely impact of an increase in tariffs on imported cars?
4.
1 point
An increase in the price of strawberries would most likely result from

5.
1 point
Which one of the following will cause the supply curve for a good or service to increase (shift to the right)?
6.
1 point
How might an increase in the rate of economic growth impact on government revenues and outlays?
7.
1 point
Which one of the following is the most appropriate macroeconomic policy mix if the Australian economy is experiencing low rates of economic growth and rising levels of unemployment?
8.
1 point
The demand for the Alpha smart phone is likely to become more price elastic when
9.
1 point
Economics is primarily concerned with the question of how
10.
1 point
The most likely consequence of an increased rate of inflation in Australia is
11.
1 point
If Australia’s interest rates fall relative to overseas interest rates, the most likely effect would be