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ULC ECONOMICS QUESTIONS WITH CERTIFIED ANSWERS A-LEVAL
[Show more]ULC ECONOMICS QUESTIONS WITH CERTIFIED ANSWERS A-LEVAL
[Show more]Before Adam Smith - ANS - Aristotle 
- Scholastics 
- Mercentilism 
- Pre-classicist: David Hume 
- Quesnay & Physiocrats 
Aristotle (384-322 BC) - ANS Examples of reasoning about economic issues: 
1. Exchange can only come if there is a potential surplus from the transaction that parties can share ...
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Add to cartBefore Adam Smith - ANS - Aristotle 
- Scholastics 
- Mercentilism 
- Pre-classicist: David Hume 
- Quesnay & Physiocrats 
Aristotle (384-322 BC) - ANS Examples of reasoning about economic issues: 
1. Exchange can only come if there is a potential surplus from the transaction that parties can share ...
Causes of Economic Change in the UK: De-industrialisation - ANS - The north of England used to be a 
hub for trade with the United States of America and the British Empire. 
- Cotton and textiles were important English-produced commodities. 
- Cotton prices in England were benchmarked by the prices ...
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Add to cartCauses of Economic Change in the UK: De-industrialisation - ANS - The north of England used to be a 
hub for trade with the United States of America and the British Empire. 
- Cotton and textiles were important English-produced commodities. 
- Cotton prices in England were benchmarked by the prices ...
How has the function of Stratford changed overtime? - ANS Pre-industrial: known for its agriculture and 
farming 
Industrial: manufacturing- all jobs were in manufacturing 
Present day: retail, tourism, business 
What global influences have shaped the characteristics of Stratford? - ANS Globalisatio...
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Add to cartHow has the function of Stratford changed overtime? - ANS Pre-industrial: known for its agriculture and 
farming 
Industrial: manufacturing- all jobs were in manufacturing 
Present day: retail, tourism, business 
What global influences have shaped the characteristics of Stratford? - ANS Globalisatio...
What are the 3 aspects of regeneration? - ANS - economic regeneration 
- social progress 
- living environment 
What are 3 ways we can measure the success of economic regeneration? - ANS Compare rates of 
- income 
- poverty 
- employment 
Before & after the scheme 
What are 3 ways we can measure th...
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Add to cartWhat are the 3 aspects of regeneration? - ANS - economic regeneration 
- social progress 
- living environment 
What are 3 ways we can measure the success of economic regeneration? - ANS Compare rates of 
- income 
- poverty 
- employment 
Before & after the scheme 
What are 3 ways we can measure th...
intro to demographic transition - ANS -the story of the 20th century was one of massive demographic 
growth 
-within the lifetime of just our parents the population has over doubled 
-3 billion in 1960 
-7 billion in 2018 
-9 billion projection in 2050 
stage one of population growth - ANS -classic ...
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Add to cartintro to demographic transition - ANS -the story of the 20th century was one of massive demographic 
growth 
-within the lifetime of just our parents the population has over doubled 
-3 billion in 1960 
-7 billion in 2018 
-9 billion projection in 2050 
stage one of population growth - ANS -classic ...
Causes of migration - ANS New jobs 
Higher wages 
Cheaper housing 
Natural disaster 
Persecution 
Consequences of migration - ANS *Host country* 
- increased diversity of goods and services e.g. China town 
- direct effects on wages, taxes, government spending etc 
*Home country* 
- brain drain/gain...
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Add to cartCauses of migration - ANS New jobs 
Higher wages 
Cheaper housing 
Natural disaster 
Persecution 
Consequences of migration - ANS *Host country* 
- increased diversity of goods and services e.g. China town 
- direct effects on wages, taxes, government spending etc 
*Home country* 
- brain drain/gain...
What is the 90/10 ratio? - ANS average income of the richest 10% divided by the average income of the 
poorest 90% 
What does disposable income not measure? - ANS quality of social and physical environment, amount 
of free time, goods and services you can't buy, goods and services that are produced...
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Add to cartWhat is the 90/10 ratio? - ANS average income of the richest 10% divided by the average income of the 
poorest 90% 
What does disposable income not measure? - ANS quality of social and physical environment, amount 
of free time, goods and services you can't buy, goods and services that are produced...
credit - ANS Borrowed money. 
debt cancellation - ANS The act of eliminating the debt owed by a developing country government in 
order to allow it to achieve development objectives. 
development indicators - ANS Statistics that may be used to assess the level of development of an 
economy. These ma...
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Add to cartcredit - ANS Borrowed money. 
debt cancellation - ANS The act of eliminating the debt owed by a developing country government in 
order to allow it to achieve development objectives. 
development indicators - ANS Statistics that may be used to assess the level of development of an 
economy. These ma...
What do Compass Lexecon do? - ANS Compass Lexecon are a world leading economic consultancy firm 
who provide expert advice to law firms, governments, and corporations across a wide variety of issues. 
Compass Lexecons global practice has a wide array of divisions (such as international trade and 
ar...
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Add to cartWhat do Compass Lexecon do? - ANS Compass Lexecon are a world leading economic consultancy firm 
who provide expert advice to law firms, governments, and corporations across a wide variety of issues. 
Compass Lexecons global practice has a wide array of divisions (such as international trade and 
ar...
Variation in production systems that is caused by factors that can be clearly identified and possibly even 
managed is called assignable variation. - ANS True 
An example of assignable variation in a production system may be that workers are not identically 
trained - ANS True 
An example of assigna...
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Add to cartVariation in production systems that is caused by factors that can be clearly identified and possibly even 
managed is called assignable variation. - ANS True 
An example of assignable variation in a production system may be that workers are not identically 
trained - ANS True 
An example of assigna...
The process mean and sample mean are the same. - ANS FALSE 
Two samples from the same population and taken at the same point in time are likely to have the same 
sample mean. - ANS FALSE 
A line chart is constructed from a scatter plot. - ANS TRUE 
A control chart must have an UCL and LCL but it is ...
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Add to cartThe process mean and sample mean are the same. - ANS FALSE 
Two samples from the same population and taken at the same point in time are likely to have the same 
sample mean. - ANS FALSE 
A line chart is constructed from a scatter plot. - ANS TRUE 
A control chart must have an UCL and LCL but it is ...
Which type of test finds the following: 
(unbounded, UCL) 
lower/left 
A set of all items of interest are called the what? 
population 
What symbol represents the population size? 
N 
Only some of the items of interest are in the what? 
sample 
What symbol represent the sample size? 
n 
Does the fol...
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Add to cartWhich type of test finds the following: 
(unbounded, UCL) 
lower/left 
A set of all items of interest are called the what? 
population 
What symbol represents the population size? 
N 
Only some of the items of interest are in the what? 
sample 
What symbol represent the sample size? 
n 
Does the fol...
Introduction: Thesis. (+) - ANS The rise of the economic power of BRICS countries represents a 
significant power shift in the global political economy. 
Introduction: Is the power being shifted directly toward the BRICS? What is the mere existence of BRICS 
attempting to do? (SPE-HBRR-C) - ANS This...
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Add to cartIntroduction: Thesis. (+) - ANS The rise of the economic power of BRICS countries represents a 
significant power shift in the global political economy. 
Introduction: Is the power being shifted directly toward the BRICS? What is the mere existence of BRICS 
attempting to do? (SPE-HBRR-C) - ANS This...
How many base pairs long is a typical gene? - ANS ~10^4bp. 
What is supercoiling? What is its purpose? - ANS The twisting of a DS DNA helix around itself allowing it 
to be packaged efficiently into a cell. 
Why might two sections of DNA which are the same length travel at different rates during gel...
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Add to cartHow many base pairs long is a typical gene? - ANS ~10^4bp. 
What is supercoiling? What is its purpose? - ANS The twisting of a DS DNA helix around itself allowing it 
to be packaged efficiently into a cell. 
Why might two sections of DNA which are the same length travel at different rates during gel...
How many base pairs long is a typical gene? - ANS ~10^4bp. 
What is supercoiling? What is its purpose? - ANS The twisting of a DS DNA helix around itself allowing it 
to be packaged efficiently into a cell. 
Why might two sections of DNA which are the same length travel at different rates during gel...
Preview 3 out of 23 pages
Add to cartHow many base pairs long is a typical gene? - ANS ~10^4bp. 
What is supercoiling? What is its purpose? - ANS The twisting of a DS DNA helix around itself allowing it 
to be packaged efficiently into a cell. 
Why might two sections of DNA which are the same length travel at different rates during gel...
What is the definition of economics? - ANS The production, distribution, and consumption of goods and 
services. 
What occurs when competition is low? - ANS Production can be inefficient without being penalized and 
manpower and other resources can be wasted. 
What creates more innovation? - ANS Mor...
Preview 2 out of 5 pages
Add to cartWhat is the definition of economics? - ANS The production, distribution, and consumption of goods and 
services. 
What occurs when competition is low? - ANS Production can be inefficient without being penalized and 
manpower and other resources can be wasted. 
What creates more innovation? - ANS Mor...
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