International A Level Unit 3, Jan 2024

Q1 Classify Canadian National Railway's $27.2bn purchase of a rival cross-border rail operator.

Q2 Work out marginal revenue for a Botswanan shirt maker when the price drops from $16 to $14.

Q3 Deduce the long-run outcome for a farm business earning short-run supernormal profit under perfect competition.

Q4 Deduce what holds at profit-maximising output for Google, which held 84% of search in 2022.

Q5 Identify why Australian construction labour has a demand elasticity of only -0.18.

Q6 Name the tactic of a cereal firm shaving price to block entrants while still covering costs.

Q7(a) Work out how many Bangladeshi workers SMEs employ, from the business-size table and total employment.

Q7(b) Explain the term monopolistic competition using Bangladesh's garment and textile SMEs.

Q7(c) Examine what a 50% jump in energy costs does to a Bangladeshi clothing maker's profits, with a diagram.

Q7(d) Analyse two labour market effects of raising garment workers' pay floor to 22 000 taka a month.

Q7(e) Discuss whether state support for Bangladeshi SMEs is likely to make them more productively efficient.

Q10 Evaluate how separating ownership from control shapes a firm's aims, contrasting Bezos at Amazon with Royal Mail's largest shareholder.

Q8 Evaluate the claim that a firm unable to earn normal profit must close, as Toys R Us did in 2018.

Q9 Evaluate the drawbacks of trading in an oligopoly, using India's three big tyre makers and a payoff matrix.