Jaisul Naik

Edexcel 10 mark question

Assess the limitations of using GDP to compare living standards over time

Edexcel AS-Level Economics Paper 2 June 2022 Extract With reference to the fourth paragraph of Extract A, assess the limitations of using GDP to compare living standards over time. (10 marks) 1. GDP might not be the best way to compare living standards over time as it fails to

Edexcel 10 mark question

Profit maximisation is assumed to be the business objective of most firms. Assess whether this is the case for coffee shop owners.

Edexcel A-Level Economics Paper 1 June 2022 Extract Profit maximisation is assumed to be the business objective of most firms. With reference to Extract A, assess whether this is the case for coffee shop owners. (10 marks) 1. Profit maximisation occurs when firms produce at the output where marginal

Edexcel 10 mark question

Assess how the regulation of energy suppliers’ profits is likely to affect consumers and suppliers in the energy market

Edexcel A-Level Economics Paper 1 June 2018 Extract With reference to Extract B, assess how the regulation of energy suppliers’ profits is likely to affect consumers and suppliers in the energy market. (10 marks) 1. A profit cap is likely to increase consumer surplus. 2. A profit cap limits

Edexcel 10 mark question

Assess possible reasons why many ‘landline-only’ customers do not switch to a cheaper telephone provider

Edexcel A-Level Economics Paper 1 June 2019 Extract With reference to Extract C, assess possible reasons why many ‘landline-only’ customers do not switch to a cheaper telephone provider. (10 marks) 1. One reason customers might not switch to a cheaper provider is due to irrational behaviour. 2. Switching

Edexcel 10 mark question

Assess whether complete nationalisation of the rail industry might protect employees

Edexcel A-Level Economics Paper 1 June 2020 Extract Assess whether complete nationalisation of the rail industry might protect employees. (10 marks) 1. Nationalisation of the rail industry is likely to protect employees. 2. Nationalisation refers to the government taking ownership of firms in the rail industry. 3. Private firms

Edexcel 10 mark question

Assess whether Thomas Cook’s failure was caused by the principal-agent problem

Edexcel A-Level Economics Paper 1 June 2021 Extract With reference to Extract C, assess whether Thomas Cook’s failure was caused by the principal-agent problem. (10 marks) 1. On the one hand, you could argue that Thomas Cook's failure was caused by the principal-agent problem.

Edexcel 10 mark question

Assess the likely impact on the Rwandan economy of the change in aid received between 2017 and 2018

Edexcel A-Level Economics Paper 2 June 2021 Extract With reference to the information provided, assess the likely impact on the Rwandan economy of the change in aid received between 2017 and 2018. (10 marks) 1. One main impact of the decrease in aid could be that economic growth might

Edexcel 10 mark question

Assess whether the market for video game development is contestable

Edexcel A-Level Economics Paper 1 June 2025 Extract With reference to the information provided, assess whether the market for video game development is contestable. (10 marks) 1. The market for video game development is arguably contestable as there are signs that there are low barriers to entry and exit

Edexcel 10 mark question

Assess two likely benefits of debt relief to Angola

Edexcel A-Level Economics Paper 2 June 2023 Extract Assess two likely benefits of debt relief to Angola. Refer to Extract B in your answer. (10 marks) 1. Debt relief would allow the government of Angola to reduce income inequality and alleviate poverty. 2. Extract B mentions that 17 million

AQA 10 mark question

Explain why an increase in the tax payable on firms’ profits may lead to lower productivity growth

AQA AS-Level Paper 2 June 2025 Insert Extract E (lines 12–13) states: ‘To increase revenue, the main rate of corporation tax, the tax payable on firms’ profits, was increased to 25%.’ Explain why an increase in the tax payable on firms’ profits may lead to lower productivity growth.

AQA 10 mark question

Explain two factors considered by the Bank of England’s MPC when setting Bank Rate

AQA AS-Level Paper 2 June 2023 Insert Extract B (lines 7–9) states: ‘With this in mind, the government sets the target rate of inflation that the Bank of England’s Monetary Policy Committee (MPC) has to achieve.’ Explain two factors considered by the Bank of England’s MPC

Edexcel 10 mark question

Assess policies the Nigerian government could use in response to the concerns of the country’s ‘manufacturers and trade unions’ if they join this trading bloc

Edexcel A-Level Economics Paper 2 June 2020 Extract Nigeria is considering joining the African Continental Free Trade Agreement. Assess policies the Nigerian government could use in response to the concerns of the country’s ‘manufacturers and trade unions’ (Extract B paragraph 3) if they join this trading bloc. (10

Edexcel 10 mark question

Assess whether firms in the electronics industry benefit from economies of scale

Edexcel A-Level Economics Paper 1 June 2024 Extract Assess whether firms in the electronics industry benefit from economies of scale. (10 marks) 1. Firms in the electronics industry are likely to benefit from economies of scale as they are large. 2. Extract C mentions that 'large electronics firms

Edexcel 10 mark question

Assess the likely macroeconomic effects of the German government’s budget deficit

Edexcel A-Level Economics Paper 2 June 2025 Extract With reference to the information provided and your own knowledge, assess the likely macroeconomic effects of the German government’s budget deficit. (10 marks) 1. The German government's budget deficit is likely to promote economic growth. 2. Figure 2

Edexcel 10 mark question

Assess whether a fiscal deficit and national debt should be a cause for concern for the UK government

Edexcel A-Level Economics Paper 2 June 2024 Extract Assess whether a fiscal deficit and national debt should be a cause for concern for the UK government. (10 marks) 1. A fiscal deficit exists when government spending exceeds tax revenue in a given year. 2. If a country runs a

Edexcel 10 mark question

Assess the likely impact of an appreciation of the euro on the current account of the balance of payments for Eurozone countries

Edexcel A-Level Economics Paper 2 June 2017 Extract Since mid-2015 the euro has appreciated. Assess the likely impact of an appreciation of the euro on the current account of the balance of payments for Eurozone countries. (10 marks) 1. An appreciation of the Euro is most likely to

Edexcel 10 mark question

Assess the impact of a fall in real incomes on subjective happiness

Edexcel A-Level Economics Paper 2 June 2019 Extract With reference to the last paragraph in Extract C, assess the impact of a fall in real incomes on subjective happiness. (10 marks) 1. A fall in real incomes is most likely to lead to a fall in the measure of

Edexcel 10 mark question

Assess whether an increase in real income improves subjective happiness within the UK

Edexcel A-Level Economics Paper 2 June 2022 Extract With reference to Figure 2, assess whether an increase in real income improves subjective happiness within the UK. (June 2022) 1. Overall, higher real incomes is most likely to improve subjective happiness. 2. Figure 2 shows that, as people earn more

Edexcel 10 mark question

Assess the likely impact on the UK economy of an ‘increase in consumption’

Edexcel AS-Level Economics Paper 2 June 2020 Extract Assess the likely impact on the UK economy of an ‘increase in consumption’ (Extract A, lines 5–6). Use an aggregate demand and aggregate supply diagram in your answer. (10 marks) 1. An increase in consumption will lead to more economic

AQA 9 mark question

Explain the impact of the increase in the number of students attending university on the market for student accommodation

AQA A-Level Economics Paper 1 June 2024 Extract B (lines 3–4) states that ‘Universities have expanded the number of places on offer to students, but the supply of student accommodation is highly inelastic’. With the help of a diagram, explain the impact of the increase in the number

Edexcel 8 mark question

Examine two causes of the high cost of transporting goods between African countries

Edexcel A-Level Economics Paper 1 June 2023 Extract With reference to Extract A, examine two causes of the high cost of transporting goods between African countries. (8 marks) One cause of the high transportation costs might be poor infrastructure. Poor infrastructure such as transport links means that it takes

Edexcel 8 mark question

Examine two likely causes of income inequality within the UK

Edexcel A-Level Economics Paper 2 June 2022 Extract With reference to Figure 1 and Extract A, examine two likely causes of income inequality within the UK. (8 marks) One explanation for the UK’s income inequality is poor transport and infrastructure. Poor transport makes it harder for people outside

Edexcel 8 mark question

Examine two ways, apart from Fairtrade schemes, in which cocoa farmers could boost their incomes despite the falling price of cocoa

Edexcel A-Level Economics Paper 2 June 2020 Extract Examine two ways, apart from Fairtrade schemes, in which cocoa farmers could boost their incomes despite the falling price of cocoa. (8 marks) Farmers can invest in machinery. Extract A mentioned that cocoa prices fell by a third and that farmers

Edexcel 8 mark question

Examine the likely impact of Thomas Cook’s plan ‘to reduce their airline emissions’ on the social optimum position

Edexcel A-Level Economics Paper 1 June 2021 Extract Examine the likely impact of Thomas Cook’s plan ‘to reduce their airline emissions’ (Extract B, line 6) on the social optimum position. Use an appropriate externalities diagram in your answer. (8 marks) As Thomas Cook reduces their airline emissions, the

Edexcel 8 mark question

Examine two effects of increased ‘automation’ on the demand for labour

Edexcel A-Level Economics Paper 1 June 2025 Extract With reference to Extract C, examine two effects of increased ‘automation’ on the demand for labour. (8 marks) Firstly, increased automation is initially likely to lead to a decrease in the demand for workers in many job markets. For example, the