VCE Economics Past Exam Questions
Browse VCE Economics exam questions from 2015–2025, including VCE papers. Filter by topic, year and paper; open the original source.
Matching results: 404 indexed questions and parts.
Section A, Question 2
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Question 2 Which one of the following is a leakage from the circular flow model of income? A. an increase in consumption spending B. transfer payments made by the government C. an
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Question 3 Which one of the following best describes the characteristics of a public good? A. excludable and rivalrous B. excludable and non-rivalrous C. non-excludable and rivalro
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Question 4 If Australia’s foreign equity assets exceed its foreign equity liabilities, this means that A. Australia has invested less overseas than foreigners have invested in Aust
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Question 5 The imposition of a tariff would cause which one of the following? A. a decrease in the price of imports and a rise in the demand for imports B. an increase in the price
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3 2020 ECONOMICS EXAM TURN OVER d o n o t w r i t e i n t h i s a r e a
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Question 6 An improvement in Australia’s current account balance is most likely to occur when A. the trade balance surplus increases. B. the terms of trade deteriorate. C. the Aust
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Question 7 Suppose the Australian Government was paying subsidies to beekeepers. If the government reduced or removed these subsidies, the most likely effect on the price of honey
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Question 8 Which one of the following is least likely to be an example of a monetary policy transmission mechanism resulting from lower interest rates? A. an increase in net capita
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Question 9 The price elasticity of demand for a product will be greater A. the more responsive the industry supply curve is for the product. B. the larger the number of substitutes
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Question 10 A fall in the equilibrium price but no change in equilibrium quantity could only occur from which one of the following combinations? A. a decrease in demand and an incr
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2020 ECONOMICS EXAM 4 d o n o t w r i t e i n t h i s a r e a
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Question 11 Which one of the following would most likely happen if all countries agreed to significantly reduce carbon emissions by moving towards a greater reliance on renewable e
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