Q27

Criteria	Marks
Demonstrates a clear and comprehensive understanding of the conflicts for governments that may arise in pursuing three of Australia’s economic objectives, supported by examples<br>• Provides a sustained, logical and cohesive response that integrates relevant economic terms, concepts, relationships and theories<br>• Provides a well-informed analysis of the conflicts that may arise in pursuing three of Australia’s economic objectives	17–20
Demonstrates a sound understanding of the conflicts that may arise in pursuing three of Australia’s economic objectives<br>• Provides a logical and cohesive response that applies relevant economic terms, concepts, relationships and theories<br>• Provides some analysis of the conflicts that may arise in pursuing three of Australia’s economic objectives	13–16
Demonstrates some understanding of the conflicts that may arise in pursuing Australia’s economic objectives<br>• Provides a coherent response that uses relevant economic terms, concepts, relationships<br>• Provides a description of Australia’s economic objectives	9–12
Demonstrates some understanding of economic objectives<br>• Presents a generalised response that uses some economic terms and concepts	5–8
Provides some relevant information<br>• Presents a limited response that uses some economic terms	1–4

Answers could include:

• Potential conflicts between objectives
  • economic growth and quality of life
  • full employment
  • price stability
  • external stability
  • environmental sustainability
  • distribution of income
• Policy responses and their effects in dealing with economic objectives.