Edexcel A-Level Economics Paper 1 June 2018 Extract With reference to Extract A, discuss the likely effectiveness of ‘measures to open up and increase competition’ in the UK energy market. (12 marks) A 'temporary price cap' is likely to be effective as it should make the UK

Edexcel A-Level Economics Paper 1 June 2017 Extract With reference to Figure 2 and Extract A, discuss the possible impact of supermarket monopsony power on both food suppliers and consumers. (12 marks) Monopsony power is where a buyer in a market has significant bargaining power when buying factors of

Edexcel A-Level Economics Paper 1 June 2019 Extract Discuss one likely reason for the rise in BT’s profit (Figure 2, Extracts B and C). Use a cost and revenue diagram to support your answer. (12 marks) One main reason that Extract B mentions that BT 'reported a

Edexcel A-Level Economics Paper 1 June 2020 Extract With reference to Extract A, paragraph 3, discuss whether the rail network can be considered to be a natural monopoly. (12 marks) On the one hand, the rail network can be considered a natural monopoly. This is a market structure where

Edexcel A-Level Economics Paper 1 June 2023 Extract With reference to Extract C, discuss the likely private and external benefits of viewing educational websites and TV programmes. (12 marks) Private benefit is the benefit directly to the consumer, whereas external benefit is the benefit to a third party from

Edexcel A-Level Economics Paper 1 June 2021 Extract With reference to Extract C, discuss the proposed government subsidy to prevent Thomas Cook from reaching its shut-down point. (12 marks) One reason in favour of the proposed subsidy is that it could have prevented Thomas Cook from shutting down

Edexcel A-Level Economics Paper 1 June 2022 Extract Using a cost and revenue diagram, discuss the likely impact of ‘rising costs’ for coffee shops on their profitability (Extract A, line 2). (12 marks) Rising costs is likely to reduce coffee shops’ profitability. Extract A mentions firms having to cover

Edexcel A-Level Economics Paper 2 June 2019 Extract With reference to Extract C, discuss the potential conflicts between macroeconomic objectives when the central bank attempts to control inflation. (12 marks) Extract c line 15 mentions concerns of 'rising inflation'. The central bank are likely to respond with

Edexcel A-Level Economics Paper 2 June 2020 Insert Discuss the problems for the Ivory Coast of dependency on cocoa for a large proportion of their exports. Refer to Figure 2 in your answer. (12 marks) Primary products are raw materials and natural resources that often come from agriculture. One

Edexcel A-Level Economics Paper 2 June 2022 Extract With reference to Extract C and your own knowledge, discuss methods the UK government could use to increase tax revenue. (12 marks) One method to increase tax revenue would be to raise corporation tax which has been announced to rise to

Edexcel A-Level Economics Paper 2 June 2015 Extract With reference to Extract B, discuss the impact of the planned investment by Intel in a new semiconductor factory on Germany’s aggregate demand. Use an aggregate demand and aggregate supply diagram in your answer. (12 marks) The impact of this

Edexcel A-Level Economics Paper 2 June 2024 Extract With reference to Extract B, discuss the use of quantitative easing in preventing deflation. (12 marks) Quantitative easing can be useful in preventing deflation as it can promote economic growth. As money supply increases, high street interest rates fall. This means

Edexcel A-Level Economics Paper 1 June 2024 Extract Discuss the likely concerns of the competition authorities regarding the proposed merger of the two companies referred to in Extract C. (12 marks) One concern of a merger is that the firm will exploit their monopoly power through high prices. Extract

Edexcel A-Level Economics Paper 1 June 2025 Extract With reference to the information provided, discuss whether the price elasticity of demand for video games is elastic or inelastic. (12 marks) Paragraph 1 1. One reason why demand for video games might be price inelastic is because they can be

Edexcel A-Level Economics Paper 2 June 2017 Extract Discuss the likely success of the ECB’s quantitative easing programme in moving Eurozone inflation closer to ‘the central bank’s ceiling of 2%’ (Extract A, line 17). (12 marks) Quantitative easing is likely to help increase the inflation rate especially

Edexcel A-Level Economics Paper 2 June 2018 Extract With reference to Extract A, discuss two macroeconomic policies, apart from protectionism, that a government could use to reduce the negative effects of globalisation. (12 marks) Extract A mentions that globalisation has contributed to “low wages, insecure employment, stateless corporations and

Edexcel A-Level Economics Paper 2 June 2021 Extract Discuss the likely impact on Rwandan consumers and clothing manufacturers of the increase in the tariff on imports of second-hand clothes. Use an appropriate diagram to support your answer. (12 marks) Firstly, the increase in the tariff on second-hand

Edexcel A-Level Economics Paper 2 June 2023 Extract Discuss the impact of improved transport links between African countries on economic growth rates. (12 marks) Better transport links is likely to increase economic growth because it enables African countries to specialise more. As countries in Africa won’t have to

Edexcel A-Level Economics Paper 3 June 2019 Extract In Extract A, lines 15–16, it was suggested that some firms may respond to the advertising ban by cutting the prices of their products. Using game theory and the information provided in Figure 1 and Extract A, discuss the effects