Oxford Cambridge and RSA
Wednesday 14 May 2025 – Afternoon
GCSE (9–1) Economics
J205/01 Introduction to Economics
Time allowed: 1 hour 30 minutes
You can use:
*1859373077*
• a scientific or graphical calculator
• an HB pencil
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
OCR OXFORD CAMBRIDGE AND RSA GCSE ECONOMICS J205/01
INTRODUCTION TO ECONOMICS QUESTIONS MAY 2025
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use
the lined pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 24 pages.
ADVICE
• Read each question carefully before you start your answer.
© OCR 2025 [603/0143/0] OCR is an exempt Charity
DC (ST/CGW) 343979/5 Turn over
for more: tyrionpapers.com
, 2
Section A
Write your answer to each question in the box provided.
1 One factor of production is labour.
The quantity of labour in an economy depends on the
A ability of entrepreneurs to organise it
B amount of land able to support people
C availability of human resources
D provision of education
Your answer [1]
2 What is meant by scarce resources?
A Economic choice means that resources are used in the best way possible
B Resources must not be overused so they can be replaced
C The existence of finite resources and the need to choose between uses
D Where there are insufficient resources to satisfy all wants
Your answer [1]
3 A clothing retailer decides to sell its goods to consumers on the internet.
According to an economist, what is this an example of?
A A market
B An exchange
C Demand
D Supply
Your answer [1]
© OCR 2025
for more: tyrionpapers.com
, 3
4 Diagram X Diagram Y Diagram Z
Price Price Price
D
D D
0 Quantity 0 Quantity 0 Quantity
Consumer A Consumer B Consumers A+B
What does Diagram Z show?
A Changes in tastes of consumers
B Market demand of consumers
C Perfectly inelastic demand
D Shift in the demand curve
Your answer [1]
5 The actions of one firm in a market has a considerable effect on other firms.
What type of market is this most likely to be?
A Competitive
B Monopoly
C Oligopoly
D Specialist
Your answer [1]
© OCR 2025 Turn over
for more: tyrionpapers.com
Wednesday 14 May 2025 – Afternoon
GCSE (9–1) Economics
J205/01 Introduction to Economics
Time allowed: 1 hour 30 minutes
You can use:
*1859373077*
• a scientific or graphical calculator
• an HB pencil
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
OCR OXFORD CAMBRIDGE AND RSA GCSE ECONOMICS J205/01
INTRODUCTION TO ECONOMICS QUESTIONS MAY 2025
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use
the lined pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 24 pages.
ADVICE
• Read each question carefully before you start your answer.
© OCR 2025 [603/0143/0] OCR is an exempt Charity
DC (ST/CGW) 343979/5 Turn over
for more: tyrionpapers.com
, 2
Section A
Write your answer to each question in the box provided.
1 One factor of production is labour.
The quantity of labour in an economy depends on the
A ability of entrepreneurs to organise it
B amount of land able to support people
C availability of human resources
D provision of education
Your answer [1]
2 What is meant by scarce resources?
A Economic choice means that resources are used in the best way possible
B Resources must not be overused so they can be replaced
C The existence of finite resources and the need to choose between uses
D Where there are insufficient resources to satisfy all wants
Your answer [1]
3 A clothing retailer decides to sell its goods to consumers on the internet.
According to an economist, what is this an example of?
A A market
B An exchange
C Demand
D Supply
Your answer [1]
© OCR 2025
for more: tyrionpapers.com
, 3
4 Diagram X Diagram Y Diagram Z
Price Price Price
D
D D
0 Quantity 0 Quantity 0 Quantity
Consumer A Consumer B Consumers A+B
What does Diagram Z show?
A Changes in tastes of consumers
B Market demand of consumers
C Perfectly inelastic demand
D Shift in the demand curve
Your answer [1]
5 The actions of one firm in a market has a considerable effect on other firms.
What type of market is this most likely to be?
A Competitive
B Monopoly
C Oligopoly
D Specialist
Your answer [1]
© OCR 2025 Turn over
for more: tyrionpapers.com
