AS Level Paper 1, June 2024

Q1(a) Using the wind power material supplied, set out how renewable resources differ from non-renewable ones.

Q1(b) Choose the best description of scarcity (a demand curve extension / surplus supply / wants outstripping available resources / misallocated resources).

Q2(a) Give the meaning of supply (short definition).

Q2(b) Choose, from four production possibility frontier diagrams, the one showing how a cyclone would hit Madagascar's economy.

Q2(c) On a demand and supply diagram, show what the cyclone does to vanilla bean prices, Madagascar being 75–80% of world supply.

Q3(a) Identify which claim about free market economies holds true (backed by Karl Marx / price mechanism allocates resources / no externalities exist / the state owns everything).

Q3(b) Using the Singapore material, explain the reasoning behind governments, rather than markets, supplying education.

Q4(a) Identify whether each of two statements about Finnish school class sizes is positive or normative.

Q4(b) Using the passage on Finland devoting 5% of government spending to education, explain the idea of opportunity cost.

Q5(a) Tesla's Model 3 fell £4 200 from £42 990, with demand tipped to rise 15%: calculate price elasticity of demand, ceteris paribus.

Q5(b) State what ceteris paribus means (short definition).

Q5(c) Pick what most plausibly determines the Model 3's price elasticity of demand (rival EVs available / population change / dearer steel / unsold Model 3 stock).

Q6(a) Using Extract B, clarify the unintended consequence referred to regarding the tax on plastic packaging.

Q6(b) Combining Extract A with your own knowledge, assess whether shoppers who purchase plastic carrier bags behave irrationally.

Q6(c) Using Extract A, justify a likely figure for reusable cleaning products' income elasticity of demand.

Q6(d) Drawing on Extract C, explain why rewarding reusable coffee cup use could shrink demand for single-use ones.

Q6(e) Discuss what making plastic costs producers privately and what it costs third parties externally.

Q6(f) Evaluate what taxing plastic food-packaging would achieve, illustrating the answer with a diagram.

Q6(g) Evaluate state interventions capable of tackling the market failure that plastic waste creates; include a diagram.