1 mark
Q1(a) Multiple choice: what a PPC point represents.
Edexcel · 4EC1
All 25 questions from the Edexcel iGCSE Paper 1, June 2021 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Elasticity (2), Production possibility curves (1), Economic assumptions (1), Economies of scale (1).
Each question is summarised in our own words with its mark tariff, command word and specification point, and links through to the official paper.
Question paper → Mark scheme → Open in the searchable bank →
Q1(a) Multiple choice: what a PPC point represents.
Q1(b) Multiple choice identifying the economic assumption described.
Q1(c) Give the meaning of economies of scale.
Q1(d) Name something that counts as land as a factor of production.
Q1(e) Give the meaning of a monopoly.
Q1(f) Work out price elasticity of demand to 2 d.p. for a dog-walking service.
Q1(g) Diagram question: show what better production technology does to the car market.
Q1(h) Give one effect on labour supply of raising the school-leaving age.
Q1(i) Data response: why a healthcare firm chose to spread into more markets.
Q2(a) Multiple choice picking the product with price inelastic demand.
Q2(b) Multiple choice picking the average cost formula.
Q2(c) Name one reason governments intervene in the economy.
Q2(d) Work out profit or loss per pair of shoes from the figures given.
Q2(e) Give the meaning of a fine as a policy tool.
Q2(f) Say how consumers gain from privatisation.
Q2(g) Give one reason a technology firm patents its designs.
Q2(h) Data response: does division of labour always benefit a business like a fast food outlet?
Q3(a) Multiple choice on what shifts a demand curve.
Q3(b) Multiple choice picking the example of an external cost.
Q3(c) Diagram question: pie chart of primary, secondary and tertiary shares for a developing economy - Haiti.
Q3(d) Data response: how market forces clear excess supply.
Q3(e) Data response: what Norway gains from state-funded education throughout.
Q4(a) Work out to 2 d.p. the percentage change in Austria's population between 2000 and 2018.
Q4(b) Data response: what a price rise does to the quantity of bananas supplied.
Q4(c) Data response: weigh up whether a higher minimum wage helps an economy such as Spain.
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