AS & A Level Economics (9708) — May–June 2023, Paper 41

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Question 1 · 20 marks · The price system and the microeconomy - market structure

The article refers to concentration ratios. Explain what is meant by a concentration ratio and how it is calculated.

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Question 2 · 20 marks · The price system and the microeconomy - market failure and government intervention

To improve allocative efficiency economists frequently advise governments to remove existing subsidies to the private sector providers of education. With the help of a diagram,…

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Question 3 · 20 marks · The price system and the microeconomy - price discrimination

Some firms frequently use price discrimination. Assess the view that when this occurs, price discrimination will always benefit the producer at the expense of the consumer and…

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Question 4 · 20 marks · The macroeconomy - fiscal policy, unemployment and the balance of payments

An increase in a government's budget surplus will increase unemployment in the short run but it will make it easier to control a balance of payments deficit on the current account…

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Question 5 · 20 marks · The macroeconomy - economic growth, development and standards of living

To what extent do you agree that an increase in productivity will lead to a higher standard of living in low-income countries?

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