surname names
Number Number
Paper
● ●
Economics
Level 1/2
PAPER 1: Microeconomics and Business Economics
Instructions
• Use black ink or ball-point pen.
• centrethenumber
Fill in boxes at the top of this page with your name,
and candidate number.
• Answer all questions.
• Answer the questions in the spaces
provided – there may be more space than
• you need.
Calculators may be used.
• You are advised to show all your working out with your answer clearly
identified at the end of your solution.
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.
Advice
• Read each question carefully before you start to answer it.
• Try to answer every question.
• Check your answers if you have time at the end.
Turn over
P71555A
,©2023 Pearson Education Ltd.
J:1/1/1/1/
,
, Answer ALL questions. Write your answers in the spaces provided.
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 .
1 (a) What is the name given to a firm that manufactures cars?
(1)
A A primary sector firm
B A secondary sector firm
C A tertiary sector firm
D A service sector firm
A firm that employs 540 workers has a total monthly output of 27,000 units.
(b) What is the monthly labour productivity of the firm?
(1)
A 0.02 units
B 50 units
C 27,540 units
D 14,580,000 units
(c) What is meant by the term division of labour?
(2)
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2
■■■■
Number Number
Paper
● ●
Economics
Level 1/2
PAPER 1: Microeconomics and Business Economics
Instructions
• Use black ink or ball-point pen.
• centrethenumber
Fill in boxes at the top of this page with your name,
and candidate number.
• Answer all questions.
• Answer the questions in the spaces
provided – there may be more space than
• you need.
Calculators may be used.
• You are advised to show all your working out with your answer clearly
identified at the end of your solution.
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.
Advice
• Read each question carefully before you start to answer it.
• Try to answer every question.
• Check your answers if you have time at the end.
Turn over
P71555A
,©2023 Pearson Education Ltd.
J:1/1/1/1/
,
, Answer ALL questions. Write your answers in the spaces provided.
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 .
1 (a) What is the name given to a firm that manufactures cars?
(1)
A A primary sector firm
B A secondary sector firm
C A tertiary sector firm
D A service sector firm
A firm that employs 540 workers has a total monthly output of 27,000 units.
(b) What is the monthly labour productivity of the firm?
(1)
A 0.02 units
B 50 units
C 27,540 units
D 14,580,000 units
(c) What is meant by the term division of labour?
(2)
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............................................................................................................................... ......................
...............................................................................................................................
............................................................................................................................... ......................
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............................................................................................................................... ......................
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............................................................................................................................... ......................
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2
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