AS & A Level Economics (9708) — May–June 2024, Paper 33
30 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.
Start with Question 1 →Which statement about the concept of utility is correct? A Diminishing marginal utility means that producers become less efficient the more they produce. B If marginal utility is…
Answer this question and get it marked →The diagram shows indifference curves I₁, I₂ and a budget line T. [Diagram: vertical axis labelled 'units of X' marked from 0 to 100 in tens, horizontal axis labelled 'units of Y'…
Answer this question and get it marked →A medical team provides vaccinations for children to prevent an outbreak of an infectious disease. Why would this be described as a positive externality? A Additional benefit…
Answer this question and get it marked →The diagram shows the cost and revenue curves for a firm. Which output level will enable a firm to achieve its objective of maximising its revenue? [Diagram: vertical axis…
Answer this question and get it marked →Oligopoly firms seek to maximise profits. How will this affect the pricing behaviour of oligopoly firms involved in a non-collusive market? A A price is fixed for the product that…
Answer this question and get it marked →An economic activity definitely creates a net social benefit when the value of social benefit minus A private benefit is zero. B private benefit is negative. C social cost is…
Answer this question and get it marked →Which assumption is essential for a market to be contestable? A The market is supplied by a large number of firms. B Firms are free to enter and leave the market. C Firms cannot…
Answer this question and get it marked →A firm that raises capital through a share issue has to satisfy both shareholders' expectations and management aims. The management aims to produce at a non-profit maximum output.…
Answer this question and get it marked →A major UK chemical firm was bought by its rival, a Dutch chemical firm. What definitely occurred when the Dutch firm bought the UK firm? A a partnership B economies of scale C…
Answer this question and get it marked →Which statement is correct for a firm classed as a natural monopoly? A It will always operate in the public sector and earn normal profits. B It will have high barriers to entry…
Answer this question and get it marked →The government can use policies to try and reduce the environmental damage caused by the amount of rubbish (garbage) created by firms and households. Which policy to reduce…
Answer this question and get it marked →What would supporters of a nationalised public transport service expect to be the most likely outcome from the privatisation of train and bus services? A fewer destinations served…
Answer this question and get it marked →What will cause a household to be caught in the poverty trap? A A household earns less than the international poverty line of $2.15 per person per day. B A household spends more…
Answer this question and get it marked →What will cause an outward shift in the demand for labour curve? A a decrease in the top rate of income tax B an increase in the demand for the final product C an increase in…
Answer this question and get it marked →The diagram shows what happens when the employees of a profit-maximising monopsonist employer form a trade union and successfully negotiate a wage rate of OWT. [Diagram: vertical…
Answer this question and get it marked →A world financial crisis was partly linked to the actions of commercial banks. Which actions of the commercial banks could have led to the financial crisis? A being subject to…
Answer this question and get it marked →What is most likely to result from a decrease in the natural rate of unemployment? A a decrease in government expenditure on goods and services B a decrease in the level of…
Answer this question and get it marked →The table gives the percentage (%) rates of youth unemployment and total unemployment in France and the UK in 2001 and 2005. France youth unemployment (%) France total…
Answer this question and get it marked →What is a necessary assumption of the Keynesian multiplier model? A increasing average propensity to save B flexible costs and prices C full employment of resources D open…
Answer this question and get it marked →The table shows the relationship between inflation and unemployment in Germany from 2019 to 2022. 2019 2020 2021 2022 --- --- --- --- --- inflation: annual variation (%) −1.9 −1.6…
Answer this question and get it marked →The diagram represents the short-run Phillips curves SRPC₁ and SRPC₂ and the long-run Phillips curve in an economy, where NRU is the natural rate of unemployment. The economy is…
Answer this question and get it marked →An economy has a sudden increase in inflation caused by a large rise in energy prices. It also enters a recession with rising unemployment. A decrease in which policy variable is…
Answer this question and get it marked →What is not a threat to globalisation? A rising fear of losing jobs to immigrant workers B rising political tensions among major economies of the world C stronger trade unions in…
Answer this question and get it marked →Singapore has one of the highest population densities in the world. It discourages car use through a high tax on second cars. Which additional policy would help to relieve road…
Answer this question and get it marked →What is not an example of an expenditure-reducing policy? A a decrease in government spending B a depreciation of the exchange rate C an increase in direct taxes D an increase in…
Answer this question and get it marked →What does the J-curve effect show? A A successful currency depreciation requires the sum of the import and export elasticities of demand to be greater than 1. B After a currency…
Answer this question and get it marked →What is the most likely consequence of an increase in the number of multinational companies? A a decrease in advancements in technology B a decrease in foreign direct investment C…
Answer this question and get it marked →The table shows the GDP and population of four countries. Which country is most likely to have the lowest standard of living? country GDP US$ billion population million --- ---…
Answer this question and get it marked →What will increase the size of a country's optimum population? A a rise in the birth rate B a lowering of the age of retirement C a rise in the stock of capital available in the…
Answer this question and get it marked →The table shows the values of the Gini coefficient for some countries in a given year. Gini coefficient --- --- Namibia 74.3 Zambia 50.4 France 32.7 Denmark 24.7 Using this…
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