Oxford Cambridge and rsa
2024
GCEEconomicsH060/01: MicroeconomicsAS Level
Ocr 2024
[Pick the date]
GCEEconomicsH060/01: MicroeconomicsAS Level
, Oxford Cambridge and RSA
Monday 13 May 2024 – Morning
AS Level Economics
H060/01 Microeconomics
Time allowed: 1 hour 30 minutes
You can use:
• a scientific or graphical calculator
• an HB pencil
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use the lined
pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions in Section A and B and one question in Section C.
INFORMATION
• The total mark for this paper is 60.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 20 pages.
ADVICE
• Read each question carefully before you start your answer.
OCR is an exempt Charity
Turn over
, 2
SECTION A
Write your answer to each question in the box provided.
1 Which is a positive externality of a new factory being built in a town?
A Air pollution
B Employment
C Noise
D Traffic congestion
Your answer [1]
2 The diagram shows the production possibility curve for a country that produces computers and cars.
Quantity of
computers
produced
3000
Y
2000
X
1500
0 600 800 1000
Quantity of cars produced
The economy is currently producing at point X.
What would be the opportunity cost of moving to point Y?
A 200 cars
B 600 cars
C 500 computers
D 2000 computers
, 3
3 Which of these is an example of a normative statement?
A More people will use solar energy
B Solar energy will be the only type of energy available
C Solar energy is a natural source of energy
D The UK government must subsidise solar energy
Your answer [1]
4 Which of these is not an example of a composite demand good?
A Chair
B Milk
C Oil
D Wood
Your answer [1]
5 The diagram shows the demand and supply of oil. The
market is initially in equilibrium at E.
P S2
S
E1
P2
P1
E
D2
D
Q1 Q
What would be the most likely cause of the market equilibrium moving to E1?
A Decrease of costs of oil production and decrease in air travel
B Decrease of costs of oil production and increase in air travel
C Increase of costs of oil production and decrease in air travel
D Increase of costs of oil production and increase in air travel
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