AS & A Level Economics (9708) — October–November 2023, Paper 33
30 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.
Start with Question 1 →The diagram shows the marginal utility (MU) from the consumption of quantities of good X. [Diagram: axes of 'marginal utility' (vertical, scaled 0 to 10) and 'quantity of X'…
Answer this question and get it marked →An indifference curve is typically drawn with a convex shape. Which economic concept explains the reason for this convex shape? A allocative efficiency B diminishing marginal rate…
Answer this question and get it marked →What is most likely to increase the principal–agent problem? A ensuring the actions of agents are known by the managers B linking the rewards of managers with the profitability of…
Answer this question and get it marked →The table shows a firm's total fixed cost and total variable cost. output total fixed cost $ total variable cost $ --- --- --- 1 1000 1000 2 1000 2000 3 1000 3000 4 1000 4000 5…
Answer this question and get it marked →The diagrams relate to industry X. P5 is the original production possibility curve. [Three diagrams. (1) 'average costs': axes price $ (vertical) and quantity (horizontal), with…
Answer this question and get it marked →The world's largest coffee restaurant chain purchased a large coffee bean farm in Costa Rica. The farm has research and development facilities to study specific diseases that…
Answer this question and get it marked →Which condition is necessary for a firm to practise third degree price discrimination effectively? A All consumers and producers must be in the same geographical location. B…
Answer this question and get it marked →A traffic study concluded that there would be significant benefits if 10% of car drivers switched to using motorcycles during peak traffic times. Which benefit of this change…
Answer this question and get it marked →Which conditions are most likely to reduce the accuracy of cost-benefit analysis in decision making? proportion of external costs and benefits to total costs and benefits % of…
Answer this question and get it marked →What is consistent with a movement towards Pareto optimality? A when negative externality lowers the utility of an individual B when consumption of a good is non-rival C when…
Answer this question and get it marked →The diagram shows the short-run supply curve and long-run supply curve of labour. [Diagram: axes 'wage rate' (vertical) and 'quantity of labour' (horizontal), with origin O. An…
Answer this question and get it marked →Which policies might a government introduce to increase the marginal productivity of labour? better education tax allowances for capital goods --- --- --- A no no B no yes C yes…
Answer this question and get it marked →What is most likely to increase relative poverty in a country? A increasing means-tested benefit levels B increasing the power of trade unions C making the tax system more…
Answer this question and get it marked →Which policy is not designed to correct a market failure? A government provision of healthcare B price controls on large firms C regulations to limit smoke pollution D introducing…
Answer this question and get it marked →To control the cost of living, governments have sometimes imposed a maximum price on certain goods that is below the free market price. What is often an undesirable side effect of…
Answer this question and get it marked →When is an increase in national income most likely to induce an increase in investment spending? A when firms have spare production capacity B when firms use labour-intensive…
Answer this question and get it marked →What is a function of money? A It can be divided into small units. B It can be easily carried. C It is a standard of deferred payment. D It is widely accepted.
Answer this question and get it marked →A pandemic encourages many workers in developed countries to work from home, leading to a closure of city centre businesses such as coffee shops and retailers. If this way of…
Answer this question and get it marked →In its 2020 population census, China reported that the total population was just below 1.4 billion. The birth rate had continued to decline, the number of those reaching…
Answer this question and get it marked →Other things remaining equal, what will reduce the level of national income in an economy? A a fall in planned savings B a fall in the marginal propensity to import C an increase…
Answer this question and get it marked →What, according to the accelerator principle, will cause the level of investment to fall? A a decrease in confidence B a decrease in the rate of growth of national income C an…
Answer this question and get it marked →What is measured on the vertical axis of the Phillips curve? A the rate of change of real wages B the rate of change of take-home pay C the rate of inflation D the rate of interest
Answer this question and get it marked →South Africa has attempted to improve the level of economic growth by attracting foreign direct investment (FDI). [Two line charts for the years 2008 to about 2019. Left chart,…
Answer this question and get it marked →Which change would be most likely to indicate that a country has experienced economic development? A an appreciation in the country's currency B an improvement in the average…
Answer this question and get it marked →The table gives some economic indicators for four countries. Which country is closest to achieving the principal aims of government economic policy? change in GDP (%) rate of…
Answer this question and get it marked →What is a government macroeconomic aim? A a fall in the general price level of goods and services B an increase in monopoly regulation C lower taxes on consumer goods D a minimum…
Answer this question and get it marked →Which row correctly identifies the characteristics of a low-income economy? dependency on the primary sector Gini coefficient value per capita real income --- --- --- --- A high…
Answer this question and get it marked →What is the role of the International Monetary Fund (IMF)? A to advise countries that are experiencing trade disagreements B to help charities providing emergency assistance to…
Answer this question and get it marked →The diagram shows the international trading position of a country that had tariffs on imports. The country removed the tariffs on imports. [Diagram: axes 'price $' (vertical) and…
Answer this question and get it marked →Under which circumstances will low wages and low-cost land in a low-income country not attract foreign investment in manufacturing? A if the country creates genuine independence…
Answer this question and get it marked →← October–November 2023 Paper 41 · October–November 2023 Paper 32 →