1 mark
Q1(a) Multiple choice naming a physical limit on imports.
Edexcel · 4EC1
All 23 questions from the Edexcel iGCSE Paper 2, Nov 2021 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Exchange rates (3), Trade protection (2), Economic growth (2), Taxation (2).
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 → Examiner report → Open in the searchable bank →
Q1(a) Multiple choice naming a physical limit on imports.
Q1(b) Multiple choice naming the policy aimed at raising productive capacity.
Q1(c) Give the meaning of a downturn.
Q1(d) Give the meaning of infant industries.
Q1(e) Convert a football transfer fee into euros at the rate given.
Q1(f) Diagram question: a tariff on toys brought in from China - show the effect on price and quantity.
Q1(g) Give one drawback of economic growth - Malaysia case.
Q1(h) Data response: how monetary policy holds inflation down - Kenya case.
Q2(a) Multiple choice on the likely effect of a depreciation.
Q2(b) Multiple choice naming the term for living below the social average.
Q2(c) Name one balance of payments consequence of better domestic goods.
Q2(d) Give the meaning of fiscal policy.
Q2(e) Name one effect of higher unemployment on Venezuelan business confidence.
Q2(f) Give one reason cheaper transport has driven globalisation.
Q2(g) Data response: healthcare investment as a way of cutting inequality and poverty.
Q3(a) Multiple choice working total direct tax revenue from the figures given.
Q3(b) Multiple choice completing how a government resists an appreciation.
Q3(c) Give one benefit of subsidies - Bangladesh case.
Q3(d) Data response: taxation as an environmental safeguard, UK case.
Q3(e) Data response: how good a measure of growth GDP is - Ghana case.
Q4(a) Work out to 2 d.p. India's average annual foreign direct investment in $bn from 2016 to 2019.
Q4(b) Data response: what India gains from trading bloc membership.
Q4(c) Data response: weigh up what foreign direct investment brings - India case.
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