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HSC Year 11 Economics practice questions by area of study

60 exam-style questions · full worked solutions

The 60 practice questions inside the HSC Year 11 Economics Mastery Pack, grouped by area of study. Every question comes with a full worked solution.

  1. Y11 · Focus area 1: Introduction to economics10 questions · 30 marks
    • Multiple choice × 6
    • Calculate × 2
    • Explain × 2
  2. Y11 · Focus area 2: Markets10 questions · 34 marks
    • Multiple choice × 6
    • Calculate × 2
    • Explain × 2
  3. Y11 · Focus area 3: Household and business sector10 questions · 26 marks
    • Multiple choice × 6
    • Calculate × 2
    • Explain × 2
  4. Y11 · Focus area 4: Financial sector10 questions · 22 marks
    • Multiple choice × 6
    • Calculate × 1
    • Explain × 2
    • Distinguish × 1
  5. Y11 · Focus area 5: Government sector10 questions · 26 marks
    • Multiple choice × 6
    • Calculate × 1
    • Explain × 3
  6. Y11 · Focus area 6: International sector10 questions · 23 marks
    • Multiple choice × 6
    • Calculate × 2
    • Explain × 2
Sample 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.

Common questions

How many HSC Year 11 Economics practice questions are included, and how are they grouped?

60 exam-style questions grouped by area of study, each with a full worked solution. The breakdown is 10 on Y11 · Focus area 1: Introduction to economics, 10 on Y11 · Focus area 2: Markets, 10 on Y11 · Focus area 3: Household and business sector, 10 on Y11 · Focus area 4: Financial sector, 10 on Y11 · Focus area 5: Government sector, 10 on Y11 · Focus area 6: International sector.

Can I try a HSC Year 11 Economics practice question before buying?

Yes. One sample question with its worked answer is on this page; the full set comes with the HSC Year 11 Economics Mastery Pack, one payment, no subscription.

Are these official NESA questions?

No. These are original Year 11 practice questions. Your school sets its assessment program; use the linked official curriculum sources to check course coverage.

Included in the HSC Year 11 Economics Mastery Pack

2 original practice exams with worked solutions, 6 revision notes, 60 practice questions and 72 flashcards.

Unlock Economics — $20

Preview a sample note and question free on the HSC Year 11 Economics hub →

Economics · 60 practice questions