AS & A Level Economics (9708) — October–November 2024, Paper 41

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 - economic growth and potential growth (PPC / LRAS)

With the aid of a diagram, explain the effect of natural resource development on the potential growth of Ghana.

Answer this question and get it marked →
Question 2 · 20 marks · The price system and the microeconomy - negative externalities, government microeconomic policy and allocative efficiency

Governments in many countries are promoting policies that reduce the impact of the negative externalities. Evaluate, using appropriate diagram(s), the extent to which two policies…

Answer this question and get it marked →
Question 3 · 20 marks · The price system and the microeconomy - objectives of firms (profit and sales maximisation) and the principal-agent problem

Evaluate the consequences for the price and output of a firm if it changes its objective from profit maximisation to sales maximisation as a response to the principal-agent…

Answer this question and get it marked →
Question 4 · 20 marks · The macroeconomy - inflation, inflationary expectations, the Phillips curve and fiscal policy

In periods of rising and persistent inflation, consumers and workers change their expectations of the future rate of inflation. Evaluate, with the help of a diagram(s), the…

Answer this question and get it marked →
Question 5 · 20 marks · International economic issues - free trade areas, tariffs, non-tariff barriers and economic integration

In recent years many countries have joined or established a free trade area (FTA). Evaluate, with the help of a diagram(s), whether membership of an FTA is always beneficial to a…

Answer this question and get it marked →

← October–November 2024 Paper 42 · October–November 2024 Paper 33 →

← All AS & A Level Economics (9708) past papers