International A Level Unit 1, May 2024

Q1 Identify which kind of good can be obtained without giving anything up (economic / free / public / capital).

Q2 Work out the effect of the UK issuing more airline pollution permits in 2021 than airlines actually needed.

Q3 Deduce how coffee and milk relate in North America from a cross elasticity estimate of -0.04.

Q4 Pick the point on a bottled energy drink demand curve where price elasticity of demand equals -1.

Q5 Deduce from a table of Denmark's 2010 and 2021 electricity sources how its renewable share changed.

Q6 Work out the supply response for new Chinese houses when prices fall 2.1% and supply elasticity is 2.8.

Q10 Calculate income elasticity for Chinese new car demand, using 2021 and 2022 sales and average earnings.

Q11 Explain and draw what the fall in EU tomato output does to consumer surplus in that market.

Q7 Sketch a rent ceiling placed on Brisbane's rental housing market after weekly rents jumped 14.6% in 2022.

Q8 Explain diminishing marginal utility from how many times hotel guests revisit an unlimited breakfast buffet.

Q9 Explain how non-rivalry differs from non-excludability, using the world's 24 300 lighthouses and falling ship losses.

Q12(a) Define capital goods, as the term appears in the extract on Indian rice subsidies.

Q12(b) Supported by a diagram, analyse two influences that drove world rice prices upward between July 2022 and July 2023.

Q12(c) Judge whether Japanese demand for four food groups is elastic or inelastic from the given PED estimates.

Q12(d) Examine two spillover costs arising from growing rice, using the environmental extract.

Q12(e) Discuss the gains from subsidising India's rice growers, with a suitable diagram.

Q13 Evaluate what could push a country's production possibility frontier outwards, given UN population forecasts to 2100.

Q14 Evaluate taxing air travel as a way of cutting carbon emissions, given flight and emissions data.