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Edexcel A Level Economics Question Paper
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PhysicsAndMathsTutor.comWrite your name here
Surname Other names
Centre Number Candidate Number
Pearson
Edexcel GCE
Economics
Advanced Subsidiary
Unit 1: Competitive Markets: How they work and
why they fail
Monday 16 May 2016 – Morning Paper Reference
Time: 1 hour 30 minutes 6EC01/01
You do not need any other materials. Total Marks
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your name,
centre number and candidate number.
• Answer all questions in Section A and one question in Section B.
• Answer the questions in the spaces provided
– there may be more space than you need.
Information
• The
The total mark for this paper is 80.
• – usemarks for each question are shown in brackets
this as a guide as to how much time to spend on each question.
• Questions labelled with an asterisk (*) are ones where the quality of your
written communication will be assessed
– you should take particular care on these questions with your spelling, punctuation
and grammar, as well as the clarity of expression.
• Calculators 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
P45779A
©2016 Pearson Education Ltd.
*P45779A0140*
1/1/1/1/1/1
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SECTION A
Answer all the questions in this section.
DO NOT WRITE IN THIS AREA
You should spend 35 minutes on this section. Use the data to support your answers where
relevant. You may annotate and include diagrams in your answers.
1 Capital
goods
130 V W
120
Y X Z
50
DO NOT WRITE IN THIS AREA
0 50 160 180 Consumer goods
The diagram shows a production possibility frontier for an economy. Which of the
following is true?
(1)
A The opportunity cost of producing 50 consumer goods is 50 capital goods
B There are unemployed resources at V
C The opportunity cost of producing 180 consumer goods is 20 capital goods
D Future economic growth is likely to be higher at W than X
Answer
DO NOT WRITE IN THIS AREA
2
*P45779A0240*
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Explanation
(3)
DO NOT WRITE IN THIS AREA
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(Total for Question 1 = 4 marks)
*P45779A0340*
3
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2 One function of the price mechanism is to
(1)
DO NOT WRITE IN THIS AREA
A eliminate surpluses of a good by allowing its price to rise
B avoid price fluctuations for scarce resources
C act as a signal to firms when making production decisions
D encourage government intervention to set minimum prices
Answer
Explanation
(3)
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(Total for Question 2 = 4 marks)
4
*P45779A0440*
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