H06001 - Study guides, Class notes & Summaries

This is the final mark scheme

Actual 2024 OCR GCE Economics H060/01: Microeconomics AS Level Merged QuestionPaper + Mark Scheme

2 © OCR 2023 SECTION A Write your answer to each question in the box provided. 1 Which of these contains all the four factors of production? A Capital, enterprise, labour, land B Capital, labour, profit, rent C Enterprise, interest, land, wages D Interest, profit, rent, wages Your answer [1] 2 What is the income elasticity of demand if a 10% increase in consumer income leads to a 40% decrease in quantity demanded? A –4.00 B –0.25 C +0.25 D +4.00 Your answer [1] 3 Which of ...

OCR AS ECONOMICS paper 1 June 2024 final Mark Scheme-H060_01

OCR Economics (AS) H060_01 Microeconomics mark-scheme May 2024

OCR Economics (AS) H060_01 Microeconomics question-paper May 2024

2024 OCR AS Level Economics H060/01 Microeconomics Actual Mark Scheme and Question Paper Combined

Actual 2024 OCR GCE Economics H060/01: Microeconomics AS Level Merged QuestionPaper + Mark Scheme

1 Which of these contains all the four factors of production? A Capital, enterprise, labour, land B Capital, labour, profit, rent C Enterprise, interest, land, wages D Interest, profit, rent, wages Your answer [1] 2 What is the income elasticity of demand if a 10% increase in consumer income leads to a 40% decrease in quantity demanded? A –4.00 B –0.25 C +0.25 D +4.00 Your answer [1] 3 Which of these is an example of a normative statement? A Taxes on cigarettes provide the gov...

OCR AS Level Economics H060/01 Microeconomics MAY 2024 Combined Question Paper and Mark Scheme