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Exam (elaborations)

2024 Pearson Edexcel Level 3 GCE 8EC0/01 Economics A Advanced Subsidiary PAPER 1: Introduction to Markets and Market Failure Mark Scheme Plus Question Paper Merged

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2024 Pearson Edexcel Level 3 GCE 8EC0/01 Economics A Advanced Subsidiary PAPER 1: Introduction to Markets and Market Failure Mark Scheme Plus Question Paper Merged SECTION A 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 . 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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Institution
Pearson Edexcel
Course
Pearson edexcel

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PEARSON EDEXCEL
2024




2024
PEARSON
Edexcel

, Pearson Edexcel Level 3 GCE
8EC0/01
Economics A
Advanced Subsidiary
PAPER 1: Introduction to Markets and Market Failure

Mark Scheme Plus
Question Paper
Merged

, Candidate surname Other names


Centre Number Candidate Number




Paper


A ■ ■


Advanced Subsidiary
PAPER 1: Introduction to Markets and Market Failure

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.
In Section B, answer all of questions 6(a) to 6(e) and one question from 6(f) or 6(g).
• –Answer the questions
there may in thethan
be more space spaces
youprovided
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.



Turn over


P72055A
©2024 Pearson Education Ltd.
F:1/1/1/1/1/1/

, DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA




■■■■
BLANK PAGE




2

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Institution
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Course
Pearson edexcel

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Uploaded on
November 22, 2024
Number of pages
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Written in
2024/2025
Type
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Contains
Questions & answers

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