*1859373077*
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] DC (ST/CGW) 343979/5
OCR is an exempt Charity
Turn over
Section A
Write your answer to each question in the box provided.
, 2
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
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
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
© OCR 2025
, 3
4 Diagram X Diagram Y Diagram Z
D
D D
Price Price Price
0 0 0
Quantity Quantity 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
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
6 What is not likely to result from an increase in production in an industry?
A An increase in profits
B An increase in the output of goods
C Greater environmental sustainability
D Increased economies of scale
© OCR 2025 Turn over
, 4
Your answer
7 The time period is very important when considering supply.
What is the best reason for this?
A Goods and services vary in how long it takes to change their supply
B Greater efficiency can be gained if more resources are available
C Production costs will rise in the short run but fall in the long run
D The quantity supplied varies directly with the change in price
Your answer
8 A farmer sells bags of carrots. When the price is reduced from £2.00 per bag to £1.50,
the quantity sold increases by 15%. The demand for carrots is
A perfectly price inelastic
B price elastic
C price inelastic
D unitary price elastic
Your answer
9 What is the best description of the role of the labour market?
A It allows workers able and willing to work to meet employers who are able and
willing to offer a job
B It consists of the supply of labour by consumers and the demand for labour by
firms
C It makes sure there is a competitive market for the skills offered by labour
D Negotiations take place between workers and employers to set the wage rate
Your answer
10 The diagram shows the demand and supply for apples.
© OCR 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] DC (ST/CGW) 343979/5
OCR is an exempt Charity
Turn over
Section A
Write your answer to each question in the box provided.
, 2
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
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
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
© OCR 2025
, 3
4 Diagram X Diagram Y Diagram Z
D
D D
Price Price Price
0 0 0
Quantity Quantity 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
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
6 What is not likely to result from an increase in production in an industry?
A An increase in profits
B An increase in the output of goods
C Greater environmental sustainability
D Increased economies of scale
© OCR 2025 Turn over
, 4
Your answer
7 The time period is very important when considering supply.
What is the best reason for this?
A Goods and services vary in how long it takes to change their supply
B Greater efficiency can be gained if more resources are available
C Production costs will rise in the short run but fall in the long run
D The quantity supplied varies directly with the change in price
Your answer
8 A farmer sells bags of carrots. When the price is reduced from £2.00 per bag to £1.50,
the quantity sold increases by 15%. The demand for carrots is
A perfectly price inelastic
B price elastic
C price inelastic
D unitary price elastic
Your answer
9 What is the best description of the role of the labour market?
A It allows workers able and willing to work to meet employers who are able and
willing to offer a job
B It consists of the supply of labour by consumers and the demand for labour by
firms
C It makes sure there is a competitive market for the skills offered by labour
D Negotiations take place between workers and employers to set the wage rate
Your answer
10 The diagram shows the demand and supply for apples.
© OCR 2025
