International A Level Unit 1, Jan 2024

Q1 Identify what symmetric information means for how much buyers and sellers each know.

Q2 Classify the sea defences Bangladesh plans against flood risk (consumer / free / private / public goods).

Q3 Deduce how Pepsi and Coca-Cola relate in North America from a cross elasticity figure of +0.62.

Q4 Identify the area showing what India's government pays when it buys up surplus wheat at a guaranteed floor price.

Q5 Deduce from a pie chart of Brazil's 2021 electricity sources whether generation relies mainly on renewable resources.

Q6 Deduce which movement on a small country's PPF carries an opportunity cost or changes efficiency.

Q10 Work out how responsive olive oil supply is to price, from world output and price for 2021 and 2022.

Q11 Explain, with a diagram, what falling Tesla production costs do to producer surplus in the electric car market.

Q7 Sketch a diagram of the spillover benefits from university study, such as longer lives and less crime.

Q8 Explain rational decision making using Unilever's 13.2% price rise and the 6.8% drop in items bought.

Q9 Explain how Zimbabwe's per-litre levy on energy drinks differs from its 15% consumption tax.

Q12(a) Define price elasticity of demand, as given in the Beijing chicken elasticity table.

Q12(b) Explain whether Beijing shoppers treat chicken as normal or inferior, given a 6.8% real income rise.

Q12(c) Analyse one demand and one supply cause of the 147% jump in world chicken prices, with a diagram.

Q12(d) Examine two spillover costs that rearing chickens imposes on the environment.

Q12(e) Discuss what taxing junk food would do, using the global obesity extract, with a suitable diagram.

Q13 Evaluate the microeconomic consequences of natural disasters becoming more frequent, with a diagram.

Q14 Evaluate the microeconomic effects of subsidising electric car makers, as with General Motors' $1bn US grant.