AS & A Level Economics (9708) — October–November 2024, Paper 21

5 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.

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Question 1 · 20 marks · The macroeconomy - inflation

Using the data in Fig. 1.1, describe the trend shown in the annual inflation rate in Argentina over the period February 2021 to January 2022.

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Question 2 · 20 marks · The price system and the microeconomy - supply

Explain the determinants of supply for an agricultural product, such as rice, and consider which of these determinants is likely to be of the greatest significance at the present…

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Question 3 · 20 marks · Basic economic ideas and resource allocation - production possibility curves

With the help of a diagram, explain the significance of a position within a market economy's production possibility curve (PPC) and consider whether such a position is likely to…

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Question 4 · 20 marks · The macroeconomy - economic growth

Explain two possible causes of economic growth and consider whether the consequences of economic growth for an economy will always be positive.

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Question 5 · 20 marks · International economic issues - free trade

Explain the potential advantages of free trade and consider whether such advantages are always greater than the potential disadvantages of free trade.

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