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Pearson Edexcel GCE A Level In Econmics A (9EC0) Paper 01 Market and Business Behaviour June 2023 $15.99   Add to cart
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Pearson Edexcel GCE A Level In Econmics A (9EC0) Paper 01 Market and Business Behaviour June 2023
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Pearson Edexcel GCE A Level In Econmics A (9EC0) Paper 01 Market and Business Behaviour June 2023

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  • October 25, 2023
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  • june 2023
  • pearson edexcel gce a level in econmics a 9ec0
  • paper 01 market and business behaviour

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Please check the examination details below before entering your candidate
information
Candidate surname Other names

Centre Candidate
Number Number


Pearson Edexcel Level 3
GCE
Thursday 18 May 2023
Morning (Time: 2
hours) referenc
e
9EC0/01  
Economics
Advanced
A
PAPER 1: Markets and Business
Behaviour
You do not need any other Total
materials. Marks




Instructions

•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your
centre number and candidate number.
• There
name,
are three sections in this question paper. Answer all questions
from Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces
provided – there may be more space than
you need.

Information

•• The total mark for this paper is 100.
The marks for each question are shown in
– use this as a guide as to how much time to spend on each question.
• Calculators
brackets
may be used.

Advice

•• Read each question carefully before you start to answer it.
Check your answers if you have time at the

end.

Turn over




1

, SECTION A
Answer ALL questions. Write your answers in the spaces provided.




AREA
DO NOT WRITE IN THIS
Some questions must be answered with a cross in a box . If you
change your mind about an answer, put a line through the box and
then mark your new answer with a cross .

You are advised to spend 30 minutes on this

section. Use the data to support your answers

where relevant.
You may annotate and include diagrams in your answers.
1 In a major reform of its command economy, the Cuban government will allow
small private businesses to operate in most fields. Free market economists have
long called for the role of small business to be expanded to help jump-start the
economy and to create jobs.
(a) With reference to the information provided, explain one advantage of a
free market economy.




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(4)

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2


, (b) Which one of the following economic thinkers supported the idea
of a command economy?
(1)
A Adam Smith
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B Friedrich Hayek
C John Maynard Keynes
D Karl Marx
(Total for Question 1 = 5 marks)
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3
 Turn
over

, 2 The production possibility frontier shows last year’s harvest for a UK farmer at point X.

Wheat




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7
6 Y

5 Z
4 X
3
2
W
1
0 Oats
1 2 3 4 5

(a) Calculate the opportunity cost of the decision by the farmer to harvest 6




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units of wheat this year at point Y (movement from point X to point Y).
(2)

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(b) Explain the impact on efficiency of producing at point W in the following year.
(2)
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4
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