AQA AS-Level Economics Paper 1 June 2023 Extract C (lines 13–14) states: ‘Concerns about the impact of oil on the environment have led to the encouragement of renewable energy, such as solar, wind and tidal power’. Explain how the development of renewable sources of energy is likely to

AQA AS-Level Paper 1 June 2025 Insert Extract C (lines 14–15) states: ‘The UK House Price Index was 152.6 in August 2023, up 52.6% since January 2015.’ Explain possible reasons why the price of houses has increased in recent years. (10 marks) Equilibrium is the price

AQA AS-Level Economics Paper 1 June 2022 Extract E (lines 1–2) states: ‘alcohol has traditionally been viewed as a demerit good, subject to high indirect taxes’. Explain the likely effects of imposing indirect taxes on alcohol. (10 marks) An indirect tax is an additional cost of production imposed

AQA AS-Level Economics Paper 1 June 2018 Explain two factors that could increase the price of milk. (10 marks) Markets are a place where buyers and sellers meet to exchange goods and services, such as milk. The market equilibrium is the price and quantity where demand and supply are

AQA AS-Level Economics Paper 2 June 2018 Extract E (lines 18–19) states ‘the 2017 Budget Report stated the intention to reduce the rate of corporation tax further to 17% by 2020.’ Explain how a reduction in corporation tax on firms’ profits might lead to supply-side improvements in

AQA AS-Level Economics Paper 2 June 2019 Insert Extract F (lines 8–10) states: ‘Hopefully, firms will feel encouraged by the increases in demand and output, and, according to the accelerator process, this should have positive effects on investment.’ Explain how the accelerator process is likely to affect economic

AQA AS-Level Paper 1 June 2019 Insert Extract E (line 9) states: ‘a growing population is increasing the demand for dental care.’ Explain how the increasing demand for dental care is likely to affect the market for dentists. (10 marks) Demand is the number of goods and services that

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 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

AQA AS-Level Paper 2 June 2025 Insert Extract B (lines 6–7) states: ‘A shortage of labour is one of the factors that has contributed to rising inflation, threatening macroeconomic stability.’ Explain how a shortage of labour might contribute to rising inflation. (10 marks) Inflation is a rise in

AQA AS-Level Paper 2 June 2020 Insert Extract E (lines 9–10) states: ‘Inevitably, the volume of exports will fall, and it is highly likely that the trade deficit will increase further.’ Explain two factors that could cause a fall in the volume of UK exports. (10 marks) Exports

AQA AS-Level Paper 2 June 2018 Insert Extract B (lines 9–11) states ‘The Bank of England’s Monetary Policy Committee loosened its monetary policy in an attempt to prevent a downturn in the economic cycle.’ Explain how monetary policy might help to prevent a downturn in the economic

AQA AS-Level Paper 2 June 2023 Insert Extract F (lines 1–2) states: ‘Many economists believe that the trade balance reflects the strength or weakness of a country’s international competitiveness’. Explain how a fall in a country’s international competitiveness may affect economic growth in the economy. (10

AQA AS-Level Paper 1 June 2018 Insert Extract B (lines 2–3) states: ‘a recent survey found that only a third of adults had box used a library in the previous year, a significant fall since data collection began in 2005’. Explain two reasons why the demand for library

AQA AS-Level Paper 2 June 2024 Insert Extract B (lines 11–12) states: ‘In response, as inflation rose above the target rate, the Bank of England's Monetary Policy Committee acted by increasing Bank Rate.’ Explain how an increase in Bank Rate may lead to a reduction in

AQA AS-Level Economics June 2022 Paper 2 Insert Extract F (lines 1–2 and 8) states: ‘As part of fiscal policy, government spending can be used to allocate resources to different regions and sectors of the economy and consequently, change the pattern of economic activity...Taxation also has a

AS-Level Economics Specimen paper Extract B (line 1) states that ‘In recent years, food prices have risen faster than incomes.’ Explain two possible reasons, other than a change in income, for the rise in the price of food over the period shown. (10 marks) A market is a place

AQA AS-Level Paper 1 June 2020 Insert Extract C (lines 3–4) states: ‘Household consumption accounts for approximately 60% of aggregate demand so has a vital role to play in the economy.’ Explain two factors that could cause a fall in consumption. (10 marks) One factor that could cause

AQA AS Economics Paper 2 June 2024 Insert Explain why some regions of the UK suffer from structural unemployment. (10 marks) 1. structural unemployment is caused by a decline in certain industries. 2. this means that there is a mismatch in skills between workers and the current job market. 3.

AQA AS-Level Economics Paper 1 June 2023 Insert Extract E (lines 8–9) states: ‘Drones can reach remote areas quickly and easily, saving on labour and other costs.’ Explain how the increasing use of drones is likely to affect the market for delivery workers. (June 2023) 1. a market