International A Level Unit 1, Oct 2024

Q1 Identify which pairing of market forces and state involvement describes how a mixed economy shares out its resources.

Q2 Pick the case of government failure from options covering public goods, Tesla pollution, dental information gaps and state red tape.

Q3 Choose the item traded ahead of delivery at one-month to one-year terms (Furniture / Currencies / Smartphones / Clothing).

Q4 Pick out the welfare loss area on a marginal cost and benefit diagram for chemical production.

Q5 Decide which plate at a $20 US buffet leaves the diner with the greatest total satisfaction, given falling marginal utility.

Q6 Work out what positive cross elasticity figures for Chilean milk, coffee and water say about their link to soft drinks.

Q10 Work out the gap in flight demand growth between developed and developing countries from their income elasticities and 2022 income growth.

Q11 Explain, with a supply and demand diagram, what Canada's 2.2% rise in the milk price floor does to surplus milk.

Q7 Sketch, with an arrow, how AI adding $7 trillion to China's output by 2030 shifts its production possibility frontier.

Q8 Explain one determinant of how responsive energy demand is to price, using figures for Australia, Japan, India and the Philippines.

Q9 Explain how value judgements differ from testable claims, using a climate disaster cost figure and a polluter-pays opinion survey.

Q12(a) Define speculation, as the term is used in the uranium market extract.

Q12(b) Analyse one demand-side and one supply-side reason the uranium price more than doubled from 2020 to 2023, with a diagram.

Q12(c) Explain how responsive nuclear reactor supply is to price, given build times averaging 7.5 years.

Q12(d) Examine two microeconomic consequences of Indonesia's planned production tax on coal.

Q12(e) Discuss how state grants to nuclear power are likely to affect buyers and public finances, with a diagram.

Q13 Evaluate why UK households stayed with the same service providers in 2022 and paid £1.3bn more than switchers.

Q14 Evaluate the gains firms and their staff get from splitting up tasks, referring to a chosen industry.