HSC Economics Multiple-Choice Quiz

Try 4 original practice questions. Choose an answer for each question to see your score and the explanations.

1. Exports of goods and services total $72 billion, while imports total $81 billion. What is the balance on goods and services? $9 billion deficit $153 billion surplus $153 billion deficit $9 billion surplus

2. Other things equal, what is the immediate effect of a higher policy interest rate on the cost of new variable-rate borrowing? It usually falls It becomes unrelated to market rates It must stay fixed for a year It usually rises

3. A country can produce a good with a lower opportunity cost than another country. What does it have in that good? A fiscal surplus A trade deficit A fixed exchange rate A comparative advantage

4. Which example is an automatic stabiliser during an economic downturn? A new import quota A new one-off stimulus bill An announced rise in the policy rate Income tax collections falling as taxable incomes fall

Open the official past papers and marking materials for this course.

A

ATARMAxxing

Independent Year 11 and 12 study across Australia — VCE, HSC, QCE, WACE, SACE and TCE — practice exams with mark-by-mark guides, notes, questions and flashcards. Melbourne, Australia.

Study

All subjects Year 11 study resources Past exam papers 2026 exam dates Flashcard Masterclass Smart Toolkits Pricing

Free

Free resources Free notes Australian Study Resources ↗ATAR calculator

Tools

Mark my work ATAR tracker Focus timer

ATARMAxxing

Guides Articles For parents For schools Help centre About Contact