AS & A Level Economics (9708) — October–November 2023, Paper 43
5 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.
Start with Question 1 →Question 1 · 20 marks · The macroeconomy - equality, equity and the distribution of income and wealth
Describe what is meant by economic equality and distinguish it from equity.
Answer this question and get it marked →Question 2 · 20 marks · Government microeconomic intervention - negative externalities and market failure
Pollution is caused when consumers or producers make decisions based on self-interest. This is a sign of market failure. With the help of a diagram, evaluate the extent to which…
Answer this question and get it marked →Question 3 · 20 marks · Business economics - market structures: monopolistic competition and monopoly
Evaluate the view that monopolistically competitive firms will always charge lower prices and operate more efficiently than a monopoly firm. [20]
Answer this question and get it marked →Question 4 · 20 marks · Government macroeconomic intervention - fiscal policy and output gaps
With the help of a diagram, assess the effectiveness of using fiscal policy to close a negative output gap in an economy [20]
Answer this question and get it marked →Question 5 · 20 marks · The macroeconomy - economic development and international aid
Assess the impact of international aid on the standard of living in low-income countries. [20]
Answer this question and get it marked →