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Speaker 1: Job mission with Jones and Amanda. Well, today it's the

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Speaker 1: economics paper for HSC students. Jack doesn't do economics, so

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Speaker 1: he's got a day off today. But I feel for

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Speaker 1: you all heading off to economics. I've got a copy

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Speaker 1: here of last year's economics exam. I didn't do economics

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Speaker 1: at school. Did you do it commerce?

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Speaker 2: I did commerce at school, and I was about once

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Speaker 2: and needs. You saw it, That's what it was called,

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Speaker 2: Once in need teacher, Well, a wand is something like that?

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Speaker 1: To just play the song Ruby, the wants and needs

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Speaker 1: of a woman your age Ruby, I realized, and the

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Speaker 1: needs were a washing machine.

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Speaker 2: Well, you can wash clothes with the jet ski.

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Speaker 1: I'm sure. Well, let's look at some of the questions.

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Speaker 1: This is multiple choice, so you think it'll be easy.

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Speaker 1: Can I ask you some of these?

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Speaker 2: Ah? Sure, sure.

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Speaker 1: Here's the last year's paper, the twenty twenty HSC I

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Speaker 1: gave question four. A developing economy, it's most likely to

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Speaker 1: be characterized by a a low productivity and low population growth,

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Speaker 1: B low employment and low input mortality rate. See inadequate

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Speaker 1: access to education and under provision of public goods, D

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Speaker 1: inadequate access to healthcare and GDP nominated dominated by the

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Speaker 1: provision of Services.

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Speaker 2: I love multiple choice. I'm going to go A on

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Speaker 2: that one. No, it's c C why inadequate access?

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Speaker 1: I don't know why.

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Speaker 2: That's stupid.

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Speaker 1: How about this one? A country imposes a quota on

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Speaker 1: wheat imports. As soon as a here quota, my brain

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Speaker 1: just shuts down. See we can do this, We can

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Speaker 1: do this. A country imposes a quota on wheat imports.

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Speaker 1: Assume it does not allow any imports of wheat beyond

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Speaker 1: the quota. Which of the following is most likely to

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Speaker 1: occur if the country decides to reduce this quota on

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Speaker 1: wheat imports. A increased wheat prices within the country. B

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Speaker 1: increased export revenue for foreign wheat exporters. D decreased income

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Speaker 1: for wheat producers within the country. D decrease gouding. I've

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Speaker 1: st two. D's decrease government revenue for the change in

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Speaker 1: the volume of imports.

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Speaker 2: Sorry, what was the question?

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Speaker 1: Miss? The answer is a A.

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Speaker 2: I was going to say, A.

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Speaker 1: How about this one? Oh, come on, that's enough. No,

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Speaker 1: We've got how many of these do they have to ask? Well,

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Speaker 1: I know that's the thing, and they're all really hard

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Speaker 1: how about that? How many? How about this one? An

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Speaker 1: economy has a headline inflation rate of two point three

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Speaker 1: percent if following, while its underlying inflation rate is two

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Speaker 1: point six. Which factor would best account for this? A

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Speaker 1: increased minimum wage? B, short term oversupply of petrol, C

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Speaker 1: reduce supply of fruit due to drought, D increased demand

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Speaker 1: for the domestic currency. Wow. So an inflation rate of

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Speaker 1: two point three an underlying inflation rate of two point.

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Speaker 2: I'm going a on that.

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Speaker 1: No, it's B. What's it got to do with petrol?

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Speaker 2: No, I said increased minimum.

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Speaker 1: I know, but the answer is petrol, A short term

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Speaker 1: over supply.

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Speaker 2: That was the Joe cancer.

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Speaker 1: I don't think they put Joe cancers in the No,

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Speaker 1: not in the HSC. They don't have Joe cancers. That's hard.

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Speaker 1: Got one more? No, Okay, you've passed one hundred percent

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Speaker 1: for Brendan Jones. It's been a tough year for Diddams.

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Speaker 1: One hundred percent.

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Speaker 2: And now you can make a career in breakfast free.

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Speaker 1: Don't mean about want and needs again. Jones and Amanda's