HSC Economics

2026 exam predictions

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Start with the subject’s course-topic checklist. Mark the areas you need to revise, choose what to practise next and print your revision plan before leaving the planner.

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Sample original practice question

Try a HSC Economics question

Mia has a free Saturday. She could work six hours for $120, study for an exam, or go to the beach. She ranks study second and the beach third, and chooses to work. What is her opportunity cost?

  • The study session, which was her next best alternative
  • Both the study session and the day at the beach, since she gave up everything else
  • The $120 she earned from working
  • Nothing, because she gained income from her choice
Show the worked answer

Answer: A

Opportunity cost is the value of the single next best alternative forgone. Mia ranked studying above the beach, so the study session is what she gave up. Counting both alternatives overstates the cost, the $120 is the benefit of her chosen option, and claiming no cost ignores scarcity of time.

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The HSC Economics Mastery Pack includes revision notes, original practice exams, answer guides, practice questions and flashcards. Open the hub for the full contents list and resource previews.

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