AS & A Level Economics (9708) — October–November 2024, Paper 23

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 · 2. The price system and the microeconomy

Use a demand and supply diagram to show why there was a 'huge' increase in the price of Arabica coffee beans in 2021.

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Question 2 · 20 marks · 3. Government microeconomic intervention

With the aid of examples, explain the characteristics of public goods and free goods and consider whether free-of-charge vaccinations offered by a government should be classified…

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Question 3 · 20 marks · 3. Government microeconomic intervention

Explain two economic reasons for inequality in the distribution of income and wealth and consider why inequality in the distribution of wealth cannot easily be measured.

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Question 4 · 20 marks · 4. The macroeconomy

In 2021, year-on-year inflation in many economies increased to a level not experienced for fifty years. With the help of a diagram, explain what is meant by cost-push inflation…

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Question 5 · 20 marks · 6. International economic issues

Explain two methods of protection in international trade and consider which of these is likely to have the bigger impact on employment and output in the economy which imposes them.

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