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Copyright Regulations 1969
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Do not remove this notice
THIS EXAMINATION PAPER AND SUPPLIED MATERIALS ARE NOT PERMITTED TO BE REMOVED FROM
ANY EXAMINATION VENUE IN ANY CIRCUMSTANCE. THIS EXAMINATION IS PRINTED DOUBLE-SIDED.
Semester 1, 2016 FINAL EXAMINATION
ECO504 – Business Economics
Page 1 of 5
Family Name
Given Names
Student
Number
Teaching
Period Semester 1, 2016
FINAL EXAMINATION DURATION
ECO504 – Business Economics
Reading Time: 10 minutes
Writing Time: 180 minutes
INSTRUCTIONS TO CANDIDATES
The examination has three sections
Section A:
Suggested Time: 60
mins
Multiple Choice Questions: Answer ALL 40 questions.
Marks as indicated on paper
Section B:
Suggested Time: 80
mins
Short Answer Questions: Answer ANY 6 questions out of 7 questions.
Marks as indicated on paper.
Section C:
Suggested Time: 40
mins
Short Essay Questions: Answer ALL 2 questions.
Marks as indicated on paper.
EXAM CONDITIONS
You may begin writing from the commencement of the examination session. The reading time
indicated above is provided as a guide only.
This is a RESTRICTED OPEN BOOK examination
Any non-programmable calculator is permitted
No handwritten notes are permitted
Any hard copy, unannotated English dictionary is permitted
ADDITIONAL AUTHORISED MATERIALS EXAMINATION MATERIALS TO BE SUPPLIED
No additional printed material is permitted
1 x 16 Page Book
1 x Scrap Paper
THIS EXAMINATION PAPER AND SUPPLIED MATERIALS ARE NOT PERMITTED TO BE REMOVED FROM
ANY EXAMINATION VENUE IN ANY CIRCUMSTANCE. THIS EXAMINATION IS PRINTED DOUBLE-SIDED.
Semester 1, 2016 FINAL EXAMINATION
ECO504 – Business Economics
Page 2 of 5
Section A
Multiple Choice Questions
Total no. of marks for this section: 40
Answer all questions
This section should be answered in the Answer Booklet provided (16 page booklet). Each
question is worth one mark. Suggested time allocation: 60 mins.
THIS EXAMINATION PAPER AND SUPPLIED MATERIALS ARE NOT PERMITTED TO BE REMOVED FROM
ANY EXAMINATION VENUE IN ANY CIRCUMSTANCE. THIS EXAMINATION IS PRINTED DOUBLE-SIDED.
Semester 1, 2016 FINAL EXAMINATION
ECO504 – Business Economics
Page 3 of 5
Section B
Short Answer Questions
Total no. of marks for this section: 30
Answer any six questions out of seven questions
This section should be answered in the Answer Booklet provided. Each question is worth five
marks. Suggested time allocation for Section B: 80 minutes.
Question 1
Stan buys a 1966 Mustang with the intention of repairing, restoring and selling it. He anticipates
that it will cost him $10 000 to purchase, repair and restore the car, and that he can sell the
finished...
