A Level Paper 3, Specimen

Which statement about overheads per unit is accurate.

Pick the measure that raises capacity rather than boosting spending.

Work out the extra satisfaction from a fourth item using a running total.

Read off pay and hiring for a sole buyer facing a competitive labour supply.

Likely consequence for Britain when sterling buys fewer dollars.

Explain an outward shift of the curve for a normal item and the resulting higher price.

Which statistic measures how unevenly earnings are spread.

Select the diagram showing dearer inputs together with heavier taxation of households.

Which rising variable pushes the short-term supply curve leftwards.

Decide whether to tax or subsidise two products using their spillover figures.

Rank a bank's holdings by how easily each converts to cash.

On what the benefit from trading with other nations depends.

Work out the fall in a currency index and give a plausible cause.

Likely outcome when ownership of resources is poorly established.

Identify the gap and type of joblessness after credit dried up in the crisis.

Calculate the rise in quantity offered given an elasticity value and a price change.

Say what the upright axis measures on a short-term unemployment-inflation curve.

From which curve a competitive employer's hiring schedule is obtained.

Find the original injection given the final income change and a spending propensity.

Key assumption that separates behavioural models from conventional ones.

Which demand-side measure a Keynesian would back to revive an economy stuck in prolonged slump.

Identifying when state action makes the way resources are allocated more efficient.

Which pairing of velocity and output changes makes monetary expansion most inflationary.

Reading a short-run product diagram to find the labour input giving greatest total product.

What happens to a gilt's price and its yield once market interest rates climb.

Deciding from a diagram whether a price-taking firm making losses should keep trading.

Working out the rise in real output per head from indices for prices, output and population.

Explaining figures where growth strengthens while joblessness and price rises both ease.

Interpreting a two-crop frontier for opportunity cost, efficiency and maximum feasible output.

Picking profit-maximising quantities for a rail monopolist serving two separated markets with equal costs.

Compare Brazilian and UK performance on skills and macroeconomic stability using the figures.

How might Brazil gain when a British carmaker builds operations there?

Advise the firm whether to place its investment in Brazil, justifying the decision.