1 mark
Q1(a) Multiple choice naming the unemployment generous benefits can cause.
Edexcel · 4EC1
All 23 questions from the Edexcel iGCSE Paper 2R, Nov 2020 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Monetary policy (2), International trade (2), Taxation (2), Trade protection (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.
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Q1(a) Multiple choice naming the unemployment generous benefits can cause.
Q1(b) Multiple choice naming the phase where confidence and activity pick up.
Q1(c) Give the meaning of a central bank.
Q1(d) Set out one cost of free trade to domestic firms.
Q1(e) Work out net pay in euros after deductions.
Q1(f) Diagram question: show what a tighter quota does to equilibrium price and quantity.
Q1(g) Give the effect of high inflation on wages - Mexico case.
Q1(h) Data response: what AfCFTA membership offers a country.
Q2(a) Multiple choice completing the likely effect of a depreciation.
Q2(b) Multiple choice picking the measure of economic growth.
Q2(c) Name one reason governments target poverty and inequality.
Q2(d) Give the meaning of infrastructure.
Q2(e) Give one effect of falling unemployment on tax revenue.
Q2(f) Give one reason consumers need protection from certain imports.
Q2(g) Data response: how well deregulation cuts unemployment in South Korea.
Q3(a) Multiple choice completing what drives cost-push inflation.
Q3(b) Multiple choice on what monetary policy changes.
Q3(c) Give one way globalisation has affected US consumers.
Q3(d) Data response: why a multinational would invest in Bangladesh.
Q3(e) Data response: what a current account deficit does - Indonesia case.
Q4(a) Work out to 2 d.p. the percentage change in US education spending from 2017 to 2018.
Q4(b) Data response: what part the WTO has played in the growth of world trade.
Q4(c) Data response: whether growth and environmental protection genuinely pull against each other.
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