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Official summer 2024 Pearson Edexcel 8EC0/01 GCE AS Level In Economics A (8EC0) Paper 01 Introduction to Markets and Market Failure Merged Question Paper + Mark Scheme7,40 €
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Official summer 2024 Pearson Edexcel 8EC0/01 GCE AS Level In Economics A (8EC0) Paper 01 Introduction to Markets and Market Failure Merged Question Paper + Mark Scheme
Official summer 2024
Pearson Edexcel
8EC0/01
GCE AS Level
In Economics A (8EC0)
Paper 01 Introduction to Markets and Market
Failure
Merged Question Paper + Mark Scheme
Pearson Edexcel
GCE AS Level
In Economics A (8EC0)
Paper 01 Introduction to Markets and Market
Failure
Merged Question Paper + Mark Scheme
Ace your Mocks!!!
, Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 13 May 2024
Morning (Time: 1 hour 30 minutes) Paper
reference 8EC0/01
Economics A
Advanced Subsidiary
PAPER 1: Introduction to Markets and Market Failure
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.
•• There are two sections in this question paper.
Answer all questions in Section A.
•• InAnswer
Section B, answer all of questions 6(a) to 6(e) and one question from 6(f) or 6(g).
the questions in the spaces provided
– there may be more space than you need.
Information
•• The total mark for this paper is 80.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
• 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.
,DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
*P72055A0232*
BLANK PAGE
2
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
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 25 minutes on this section.
Use the data to support your answers where relevant. You may annotate and include diagrams
in your answers.
1 Scarcity of non‑renewable resources, such as oil, is a key reason why alternative
resources have been developed by economies. In recent years, within the energy
market there has been a large increase in the production of wind power.
(a) With reference to the information provided, explain the distinction between
renewable and non‑renewable resources.
(3)
(b) Which one of the following best describes ‘scarcity’?
(1)
A An extension of the demand curve
B Excess supply
C Insufficient resources to satisfy wants
D The misallocation of resources
(Total for Question 1 = 4 marks)
3
*P72055A0332* Turn over
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