AS & A Level Economics (9708) — May–June 2023, Paper 32
30 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.
Start with Question 1 →Studies show that some dentists replace patients’ teeth more often than is necessary. Which factor helps to explain why excessive dental treatment may take place? A the existence…
Answer this question and get it marked →The diagram shows an individual’s indifference curve, I₁, for apples and pears. [Diagram: vertical axis 'apples', horizontal axis 'pears'. A single indifference curve I₁, convex…
Answer this question and get it marked →What is not necessary for successful price discrimination? A ability to separate markets B different price elasticities of demand in each market C monopoly power D price leadership
Answer this question and get it marked →The diagram shows the cost curves of a firm. [Diagram: vertical axis 'cost or price $', horizontal axis 'quantity' with four output levels labelled A, B, C and D from left to…
Answer this question and get it marked →Steel producer X takes over its main competitor, steel producer Y. What would X expect to happen to the average revenue for its product and its long-run average cost as a result…
Answer this question and get it marked →Which statement is correct? A External benefit minus private benefit equals social benefit. B Private benefit minus external benefit equals social benefit. C Social benefit minus…
Answer this question and get it marked →What can be done to help to overcome moral hazard? A charging the same insurance premium to all people in the same age group B designing insurance contracts so that the insurance…
Answer this question and get it marked →Which action would produce a positive externality of production? A A child is vaccinated against measles. B A consumer donates products to a local food bank. C A firm rebuilds a…
Answer this question and get it marked →A privately owned sole supplier of gas operates in an unregulated market with high barriers to entry and exit. Which row is most likely to indicate the economic efficiency…
Answer this question and get it marked →A government increases the protection that patents offer to inventors of new products and processes. Which barriers to entry into an industry are higher as a result of this…
Answer this question and get it marked →The table shows how a firm’s total cost changes as more workers are employed. number of workers total costs $ --- --- 1 1200 2 2000 3 2700 What would be the effect of employing a…
Answer this question and get it marked →A government hopes to build an athletics stadium to hold the World Games. The stadium would have high private and external costs, but it would increase national pride. Why would…
Answer this question and get it marked →What will lead the demand curve for labour to shift to the right? A a decrease in the marginal productivity of labour B a decrease in the wage rate C an increase in the marginal…
Answer this question and get it marked →The production schedule indicates how total output increases as up to five workers are employed per week. employment of workers total product (units) --- --- 0 0 1 6.0 2 13.0 3…
Answer this question and get it marked →What is likely to cause a more equal distribution of income in the long run? A a reduction in the top rate of taxation B an increase in government spending on education and…
Answer this question and get it marked →Immigrants are awarded entry points according to their ability to fulfil criteria set by the Canadian Government. A new Express Entry system for the immigration of skilled workers…
Answer this question and get it marked →A government imposes a maximum price for electricity. Which statement justifying this measure might be considered valid on economic grounds? A It will encourage electricity…
Answer this question and get it marked →Which statement best describes demand-induced investment? A It is spending on capital goods by firms because the rate of growth in demand for final goods and services increases. B…
Answer this question and get it marked →Middle Eastern countries earn foreign exchange from exports of oil and natural gas. The World Economic Forum has encouraged oil producers to assist low-income countries in…
Answer this question and get it marked →An open economy has injections, J, into the circular flow of income and withdrawals, W. [Diagram: vertical axis 'injections and withdrawals', horizontal axis 'national income',…
Answer this question and get it marked →Which condition will produce the highest value of the national income multiplier in an open economy with a government sector? A high average and marginal tax rates B high marginal…
Answer this question and get it marked →Which type of unemployment can be classified as voluntary? A cyclical B frictional C structural D technological
Answer this question and get it marked →Increased borrowing by the government results in higher interest charges and this leads to less private investment expenditure. Of what is this an example? A an automatic…
Answer this question and get it marked →Governments set economic policy aims. What will be least likely to occur if all these aims are achieved? A a decrease in the average standard of living B a decrease in the…
Answer this question and get it marked →The government decides to raise the rate of value added tax (general sales tax). What does this suggest is the government’s main macroeconomic objective? A to reduce the budget…
Answer this question and get it marked →An economy imports most of the factors of production used in the manufacture of its exported goods. What effect would depreciation of this economy’s rate of exchange have? price…
Answer this question and get it marked →The table shows the Human Development Index (HDI) values for India in 2014 and 2020. HDI value --- --- 2014 0.60 2020 0.64 Which conclusion is most likely to be drawn from the…
Answer this question and get it marked →The diagram shows a J curve which indicates that a fall in the exchange rate will worsen the current account position before it starts to improve. [Diagram: vertical axis showing…
Answer this question and get it marked →Which country is likely to be the most highly developed? Gini coefficient death rate relative size of tertiary sector --- --- --- --- A high high high B low low low C low low high…
Answer this question and get it marked →What is central to economic growth but not necessarily to economic development? A an expansion of the range of economic choices available to individuals B an increase in Gross…
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