AS & A Level Economics (9708) — May–June 2025, Paper 11
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 a free vaccination programme is normative? A It will help raise life expectancy. B It is likely to improve the welfare of society. C It will result in lower…
Answer this question and get it marked →The diagram shows the production possibility curves of two countries, X and Y. [Diagram: two production possibility curves on axes of 'capital goods' (vertical, marked 60, 50, 40)…
Answer this question and get it marked →Which goods are least likely to be allocated by market forces in a mixed economy? A hospitals B railways C street lighting D television programmes
Answer this question and get it marked →In 2020, there was a worldwide pandemic. High-income countries quickly developed a vaccine. Low-income countries built high-tech factories to manufacture large quantities of the…
Answer this question and get it marked →How can a public good become a private good? A Consumers are dissatisfied with the performance of state-run services. B New technological developments make the good excludable. C…
Answer this question and get it marked →What is not a function of the price mechanism? A to act as a signal to firms when allocating resources B to maximise consumer surplus C to provide an incentive to firms to produce…
Answer this question and get it marked →Cars and petrol (gasoline) are in joint demand. What is the effect of an increase in the price of cars on the demand for petrol? [Four diagrams labelled A-D, each with axes…
Answer this question and get it marked →What would best explain why the price elasticity of supply (PES) is likely to be lower for fresh vegetables grown within a country compared to the PES of goods manufactured in…
Answer this question and get it marked →The diagram shows the demand for and supply of a product. [Diagram: axes 'price' (vertical) and 'quantity' (horizontal). A downward-sloping demand curve D. Two upward-sloping…
Answer this question and get it marked →The diagram shows the demand for and supply of a product. [Diagram: axes 'price' (vertical) and 'quantity' (horizontal). An upward-sloping supply curve S and a downward-sloping…
Answer this question and get it marked →What is an example of wealth? A interest received B profits C property D incomes
Answer this question and get it marked →Too much sugar causes an increase in a consumer's weight. A government has introduced a 'sugar tax' on the consumption of soft drinks that have a high sugar content. How might…
Answer this question and get it marked →A ......1...... price set below the market equilibrium will cause a ......2...... of the product, and a ......3...... price set above the market equilibrium will cause a…
Answer this question and get it marked →The diagram shows the demand for and supply of eye tests provided by opticians. [Diagram: axes 'price' (vertical, marked P1, P2, P3 in ascending order) and 'quantity' (horizontal,…
Answer this question and get it marked →What is an example of a transfer payment? A a household moving savings from one bank account to another B a monthly repayment on a loan used to buy a new cooker C the amount paid…
Answer this question and get it marked →Which statement correctly describes an increase in real GDP? A Nominal GDP rising faster than nominal income. B Nominal GDP rising faster than the rate of inflation. C The rate of…
Answer this question and get it marked →An open economy with a government sector is in equilibrium. Households in this economy save $100 million and firms spend $150 million on investment. Which combination of the…
Answer this question and get it marked →An economy's manufacturing share of real GDP fell from 30% in 1990 to 12% in 2023. Which type of unemployment would have resulted from this? A cyclical B frictional C structural D…
Answer this question and get it marked →Which statement is not correct? A The long-run aggregate supply curve can be downward sloping. B The long-run aggregate supply curve can be horizontal. C The long-run aggregate…
Answer this question and get it marked →The price of a pack of six eggs rises from $1.00 to $1.32 over a year. Consumer prices, as measured by the consumer price index, rise by 10% over the same period. What is the real…
Answer this question and get it marked →What is not an example of monetary policy? A a rise in import tariffs on manufactured goods B a rise in interest rates by the central bank C a rise in credit regulations D a rise…
Answer this question and get it marked →A government decides to raise most of its revenues from indirect taxes. What would increase the effectiveness of this policy? A an increasing trend towards bartering of goods B…
Answer this question and get it marked →A government uses expansionary monetary policy over a three-year period. Which combination identifies the likely impact of such a policy? real GDP price level unemployment --- ---…
Answer this question and get it marked →What is not an example of an expansionary supply-side policy? A a reduction in government spending on training B an increase in support for technological improvement C a reduction…
Answer this question and get it marked →The table shows the amount of tax paid on three different levels of income. Which combination shows a proportional income tax system? tax paid on annual income of $10 000 tax paid…
Answer this question and get it marked →Why does the value of a country's terms of trade have no monetary units? A It cannot be calculated accurately enough. B It includes more than one currency. C It is a ratio of two…
Answer this question and get it marked →Which statement correctly describes a tariff? A It is a complete ban on imports. B It is a minimum price for domestic producers. C It is a payment to exporters. D It is a tax…
Answer this question and get it marked →A country has a persistent deficit on the current account of its balance of payments. What is most likely to improve the situation in the long run? A a lowering of the level of…
Answer this question and get it marked →Primary income and secondary income are components of the current account of the balance of payments. Which option correctly identifies an example of primary income and secondary…
Answer this question and get it marked →The table shows the change in the value of UK sterling over a three-month period. June Sept --- --- --- £1 = $1.38 £1 = $1.32 What is likely to be the short-term impact of the…
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