1 mark
Q1 Identify what symmetric information means for how much buyers and sellers each know.
Edexcel · 9EC0 / 8EC0 / WEC11–14
Imperfect information comes up in 7 questions across the Edexcel A Level, AS and International A Level past papers (9EC0 / 8EC0 / WEC11–14), worth 91 marks between them. They run from 2019 to 2024 and appear on International A Level Unit 1.
Tariffs run from 1 to 20 marks. The commonest instructions are Evaluate (4), Identify (MCQ) (1), Examine (1). Specification points covered: 1.3.5.4.
Q1 Identify what symmetric information means for how much buyers and sellers each know.
Q14 Evaluate how imperfect information affects insurance markets, given uninsured travellers and drivers who understate risk.
Q14 Evaluate, on microeconomic grounds, why education may be underconsumed (context: 2019 university attainment among 25-34s at 70% in South Korea, 50% USA, 28% Italy).
Q12(d) Examine, via Extract B, two ways information gaps could alter how much sugar consumers buy.
Q14 Evaluate why travel insurance is under-consumed, given 10 million UK travellers go uninsured against average medical bills of £5 620.
Q12(a) Give the meaning of 'information gap' as the plastic bag extract uses it.
Q13 Evaluate why only 18.3% of US adults were vaccinated against HPV between 2011 and 2014, despite the vaccine reducing cancer risk by 88%.
About this page. Each question is described in our own words — a short summary of what it asks, never the examiner’s wording. No exam paper text, extract, figure or table is reproduced. The links go to the awarding body’s own question paper, mark scheme and examiner report, published free by Pearson and AQA. Specification codes and topic labels are our own classification.
Built and checked by an experienced economics tutor. Not a Pearson or AQA service and not endorsed by either board. © The Economics Tutor · theeconomicstutor.co.uk