MARK SCHEME – A-LEVEL ECONOMICS – 7136/3 – JUNE
2023
AQA
A-level
ECONOMICS
7136/3
Paper 3 Economic Principles and Issues
Mark scheme
June 2023
2
, MARK SCHEME – A-LEVEL ECONOMICS – 7136/3 – JUNE
2023
SECTION A
KEY LIST
D A B
1 (favourable weather leading to a 11 (A) 21 (Emergency aid provided to
record harvest.) another country following
a natural disaster)
C D B
(the environment has an (V and Q) (Country X has a
2 opportunity cost.) 12 22 comparative advantage in the
production of coffee and an
absolute advantage in the
production of tea)
D B A
3 (+12.5) 13 (5th worker is employed.) 23 (strengthened against the pound
sterling and strengthened
against the euro.)
C D D
4 (the rate of inflation.) 14 (zero) 24 (industry regulators grow too
close to the firms they
are regulating.)
A C C
(A) (The adoption of satisficing (An increase in the minimum
5 15 behaviour) 25 qualifications required for
workers in the industry and a fall
in the price of a complement for
the output produced)
B B A
6 (Bringing down the rate of 16 (Economic agents have higher 26 (The proportion of employers'
inflation) inflation expectations due total costs which are made
to the intervention) up by wages)
B C C
7 (Availability bias and social 17 (Evaluating the government’s 27 (more equal and the Gini
norms) performance against its coefficient has decreased.)
own fiscal targets)
B A B
8 (Some firms will leave the 18 (Increase its purchases of 28 (An improvement in the balance
market and the price will rise) government securities) of payments on current account)
B D B
(Creative destruction) (The supply curve for potatoes (Banks may engage in
9 19 shifts due to the incentive 29 more risky lending if they
function of prices) believe the central bank will
support them in a crisis)
B C A
10 (0.6)
20 (4 units)
30 ($50bn)
3
2023
AQA
A-level
ECONOMICS
7136/3
Paper 3 Economic Principles and Issues
Mark scheme
June 2023
2
, MARK SCHEME – A-LEVEL ECONOMICS – 7136/3 – JUNE
2023
SECTION A
KEY LIST
D A B
1 (favourable weather leading to a 11 (A) 21 (Emergency aid provided to
record harvest.) another country following
a natural disaster)
C D B
(the environment has an (V and Q) (Country X has a
2 opportunity cost.) 12 22 comparative advantage in the
production of coffee and an
absolute advantage in the
production of tea)
D B A
3 (+12.5) 13 (5th worker is employed.) 23 (strengthened against the pound
sterling and strengthened
against the euro.)
C D D
4 (the rate of inflation.) 14 (zero) 24 (industry regulators grow too
close to the firms they
are regulating.)
A C C
(A) (The adoption of satisficing (An increase in the minimum
5 15 behaviour) 25 qualifications required for
workers in the industry and a fall
in the price of a complement for
the output produced)
B B A
6 (Bringing down the rate of 16 (Economic agents have higher 26 (The proportion of employers'
inflation) inflation expectations due total costs which are made
to the intervention) up by wages)
B C C
7 (Availability bias and social 17 (Evaluating the government’s 27 (more equal and the Gini
norms) performance against its coefficient has decreased.)
own fiscal targets)
B A B
8 (Some firms will leave the 18 (Increase its purchases of 28 (An improvement in the balance
market and the price will rise) government securities) of payments on current account)
B D B
(Creative destruction) (The supply curve for potatoes (Banks may engage in
9 19 shifts due to the incentive 29 more risky lending if they
function of prices) believe the central bank will
support them in a crisis)
B C A
10 (0.6)
20 (4 units)
30 ($50bn)
3
