Edexcel A-Level Economics Paper 1 June 2023 Extract With reference to the information provided, assess whether Netflix subscribers behave rationally. (10 marks) 1. It is possible that Netflix customers act irrationally, which means that they don't always maximise their utility as traditional economic theory suggests. 2. In

Edexcel A-Level Economics Paper 1 June 2017 Extract Assess the extent to which ‘information gaps’ (Extract B, lines 5 and 6) and ‘irrational behaviour’ (Extract B, line 11) are the main causes of food waste in the UK. (10 marks) 1. Information gaps exist as a result of both

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 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 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 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 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 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 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 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 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

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 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 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 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 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 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 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 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

Edexcel A-Level Economics Paper 2 June 2018 Extract Assess the view that ‘some level of inequality is desirable to maintain an appropriate incentive structure in the economy’ (Extract B, lines 19 and 20). (10 marks) On the one hand, inequality can be desirable to some extent. Some level of