BESTLEC
BESTLEC
A-level
ECONOMICS
7136/3
C
LE
Paper 3 Economic Principles and Issues
Mark scheme
ST
June 2024
Version 1.0 Final Mark Scheme
BE
,Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant questions,
by a panel of subject teachers. This mark scheme includes any amendments made at the standardisation events
which all associates participate in and is the scheme which was used by them in this examination. The
standardisation process ensures that the mark scheme covers the students’ responses to questions and that every
associate understands and applies it in the same correct way.
As preparation for standardisation each associate analyses a number of students’ scripts. Alternative answers not
already covered by the mark scheme are discussed and legislated for. If, after the standardisation process,
associates encounter unusual answers which have not been raised they are required to refer these to the Lead
Examiner.
It must be stressed that a mark scheme is a working document, in many cases further developed and expanded on
the basis of students’ reactions to a particular paper. Assumptions about future mark schemes on the basis of one
year’s document should be avoided; whilst the guiding principles of assessment remain constant, details will
change, depending on the content of a particular examination paper.
C
LE
ST
BE
, SECTION A
KEY LIST
B
D (Most banks carry out both D
1 11 21
(may be true or false) commercial and investment (Total utility is maximised.)
banking activities.)
C
C
(Moving products with a C
(A natural disaster, damaging
2 high sugar content away 12 22 (Increasing, Increasing,
productive capacity)
from supermarket Increasing)
checkouts)
A
(Helping countries settle C
A
3 13 disputes over tariffs and 23 (£264 billion)
(greater at X than Y)
C
quotas)
D
LE
(There is considerable
C A
4 14 24
spare capacity in the car
(3.3%) (make supernormal profits)
industry.)
ST
B
BE
B
C
5 15 25
(price levels) (1)
40
C
(The income of some
C B
6 16 26
households is significantly
(Rates of income tax) (£100 bn)
less than the median household
income.)
B
B
(Producers will be more likely
D (The cost of living for
7 17 27
to have to pay compensation
(regressive tax) people who live in UK
for
seaside towns will fall.)
pollution.)
BESTLEC
A-level
ECONOMICS
7136/3
C
LE
Paper 3 Economic Principles and Issues
Mark scheme
ST
June 2024
Version 1.0 Final Mark Scheme
BE
,Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant questions,
by a panel of subject teachers. This mark scheme includes any amendments made at the standardisation events
which all associates participate in and is the scheme which was used by them in this examination. The
standardisation process ensures that the mark scheme covers the students’ responses to questions and that every
associate understands and applies it in the same correct way.
As preparation for standardisation each associate analyses a number of students’ scripts. Alternative answers not
already covered by the mark scheme are discussed and legislated for. If, after the standardisation process,
associates encounter unusual answers which have not been raised they are required to refer these to the Lead
Examiner.
It must be stressed that a mark scheme is a working document, in many cases further developed and expanded on
the basis of students’ reactions to a particular paper. Assumptions about future mark schemes on the basis of one
year’s document should be avoided; whilst the guiding principles of assessment remain constant, details will
change, depending on the content of a particular examination paper.
C
LE
ST
BE
, SECTION A
KEY LIST
B
D (Most banks carry out both D
1 11 21
(may be true or false) commercial and investment (Total utility is maximised.)
banking activities.)
C
C
(Moving products with a C
(A natural disaster, damaging
2 high sugar content away 12 22 (Increasing, Increasing,
productive capacity)
from supermarket Increasing)
checkouts)
A
(Helping countries settle C
A
3 13 disputes over tariffs and 23 (£264 billion)
(greater at X than Y)
C
quotas)
D
LE
(There is considerable
C A
4 14 24
spare capacity in the car
(3.3%) (make supernormal profits)
industry.)
ST
B
BE
B
C
5 15 25
(price levels) (1)
40
C
(The income of some
C B
6 16 26
households is significantly
(Rates of income tax) (£100 bn)
less than the median household
income.)
B
B
(Producers will be more likely
D (The cost of living for
7 17 27
to have to pay compensation
(regressive tax) people who live in UK
for
seaside towns will fall.)
pollution.)
