1 mark
Explain why economics is classed among the social sciences.
AQA · 7136 / 7135
All 33 questions from the AQA A Level Paper 3, Nov 2020 Economics paper (7136 / 7135), worth 80 marks in total. The main topics tested are AD/AS analysis (2), Government intervention in markets (2), Fiscal policy (2), Economic methodology (1).
Each question is summarised in our own words with its mark tariff, command word and specification point, and links through to the official paper.
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Explain why economics is classed among the social sciences.
Identify the condition making labour demand responsive to pay changes.
Pick the consistent set of money growth, output growth and inflation.
Evaluate statements about output gaps and joblessness on an AD/AS diagram.
Judge equality versus equity claims from shifting decile shares.
Test statements linking consumption propensity, injections and income.
Identify which features define a customs union.
Assess which statement fits the equilibrium point shown for this firm.
Work out current yield when a bond trades above par.
Choose the situation prompting a rate rise to protect financial stability.
Deduce from a plotted revenue curve what happens to unit and extra receipts as output grows.
What zero extra satisfaction from an additional unit implies about a consumer's overall satisfaction.
Interpret four years of price and money-growth figures to judge which conclusion holds.
Why splitting tasks among workers raises output.
Effect of a ten per cent price rise on elasticity and on receipts, using a demand diagram.
Which feature separates a good consumed rivalrously from one that is not.
Work out how a schedule's market clearing price and shortages change after buyers get richer.
Choose the intervention most likely to improve how resources are allocated.
What the vertical long-run relationship between joblessness and prices implies about any trade-off.
Read off pay and hiring chosen by a sole buyer of labour with no union present.
Which fiscal situation would add most to government borrowing accumulated over time.
Interpret changed basket weightings in a price index across two years.
Calculate total spending on a per-unit grant used to correct an externality in a diagram.
Define the risk-taking that arises when someone else absorbs the downside of a decision.
Work out the natural rate from given frictional, structural, real wage and demand-deficient figures.
Pick the pair of changes that explains a shift in both demand and productive potential.
Which statement correctly describes how average and marginal rates behave under a flat income levy.
Select the profit-maximising output from a cost schedule given a fixed selling price.
Explain a currency movement caused by a shift in the supply of euros.
What limited reasoning plus first-seen reference points imply about how a shopper picks a television.
Do the figures show British living standards rising over the decade to 2017?
How would a prolonged global downturn feed through to British living standards?
Should ministers raise National Living Wage rates much further? Justify the recommendation.
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