International A Level Unit 1, Oct 2019

Q1 Choose the statement that correctly characterises economics as a discipline (social versus physical science; how wants and resources rank; use of controlled experiments).

Q2 Pick the role a state is most likely to play in a mixed economy (subsidy for external benefits or for external costs; specific or ad valorem tax on public goods).

Q3 Select which listed role money actually performs (preventing bubbles; making consumers feel valued; minimising utility; allowing payment to be deferred).

Q4 In a Madagascan vanilla pod diagram, choose the correct change in producer or consumer surplus once rich-country demand rises.

Q5 Given estimated supply elasticities for cotton in Australia, Egypt, India and Mexico, choose the correct statement about how responsive supply is to price.

Q6 A 5% smartphone price rise cut Western European sales by 4% in 2017; compute the resulting demand elasticity.

Q10 Work out how responsive overseas trips by Chinese citizens are to income, using 2016-17 earnings and visit data, showing workings.

Q11 Use Luca's total utility figures for successive drinks, completing the marginal utility column, to show diminishing marginal utility.

Q7 Sketch a diagram showing what happens when the UK caps annual university tuition fees at £6 000 rather than £9 250.

Q8 Using EU spending on street lighting, explain what economists mean by a public good.

Q9 Give one reason Canadian broadband customers stay with dearer suppliers like Bell and Rogers despite 25% savings elsewhere.

Q12(a) Give the meaning of 'information gap' as the plastic bag extract uses it.

Q12(b) Explain what makes a statement positive in economics, drawing two illustrations from the plastics extracts.

Q12(c) Analyse, using a demand and supply diagram, one cause of the sharp 2017 fall in plastic waste prices after China's import ban.

Q12(d) Examine the external costs arising from using and throwing away plastic bags, drawing on the environmental extract.

Q12(e) Discuss, with a diagram, the microeconomic effects of taxing plastic bags in the EU, using the Danish and Greek evidence.

Q13 Evaluate the economic consequences of Finland's €400 subsidy per electric bicycle, intended to shift people out of cars.

Q14 Evaluate the private and external benefits of vaccinating children against measles, given Ukraine's falling vaccination rate.