Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
ECONOMICS
Paper 3 Economic Principles and Issues
Thursday 5 June 2025 Morning Time allowed: 2 hours
Materials
For this paper you must have: For Examiner’s Use
• the Insert
• a calculator. Section Mark
A
Instructions B
• Answer all questions.
• Use black ink or black ball-point pen. Pencil should only be used for drawing. TOTAL
• Fill in the boxes at the top of this page.
• You will need to refer to the Insert provided to answer Section B.
• You must answer the questions in the spaces provided. Do not write outside the box around each
page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at the end of
this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work that you do not want to be marked.
Information
• The maximum mark for this paper is 80.
• The marks for questions are shown in brackets.
• No deductions will be made for wrong answers.
*JUN257136301*
7136/3
for more: tyrionpapers.com
IB/M/Jun25/G4001/V9
, 2
Do not write
outside the
Section A box
Answer all questions in this section.
Only one answer per question is allowed.
For each question completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now wish to select
as shown.
0 1 Which one of the following best describes mandated choice?
[1 mark]
A A limited range of options is provided
B Individuals are required by law to choose an option
C Options are framed to influence the outcome of decisions
D The option is selected automatically if an alternative is not chosen
*02* for more: tyrionpapers.com
IB/M/Jun25/7136/3
, 3
Do not write
outside the
0 2 Figure 1 shows a production possibility diagram for an economy where goods and box
services are produced in the private and public sectors. The economy is currently
producing at point Y.
Figure 1
Following a change in government, it is decided that the output of public sector goods and
services should be increased by VW.
What is the opportunity cost, in terms of private sector output, of this reallocation of
resources?
[1 mark]
A OS
B OT
C ST
D YZ
Turn over for the next question
Turn over ►
*03* for more: tyrionpapers.com
IB/M/Jun25/7136/3
, 4
Do not write
outside the
0 3 Which one of the following best describes how a social scientist would develop an box
economic theory?
[1 mark]
A Apply logic to make connections between normative and positive
economic concepts
B Create a hypothesis and test whether it can predict the behaviour of
economic agents
C Develop a number of policies and test whether they are successful in the
real world
D Form a set of value judgements and test whether they are supported by
statistical data
*04* for more: tyrionpapers.com
IB/M/Jun25/7136/3
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
ECONOMICS
Paper 3 Economic Principles and Issues
Thursday 5 June 2025 Morning Time allowed: 2 hours
Materials
For this paper you must have: For Examiner’s Use
• the Insert
• a calculator. Section Mark
A
Instructions B
• Answer all questions.
• Use black ink or black ball-point pen. Pencil should only be used for drawing. TOTAL
• Fill in the boxes at the top of this page.
• You will need to refer to the Insert provided to answer Section B.
• You must answer the questions in the spaces provided. Do not write outside the box around each
page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at the end of
this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work that you do not want to be marked.
Information
• The maximum mark for this paper is 80.
• The marks for questions are shown in brackets.
• No deductions will be made for wrong answers.
*JUN257136301*
7136/3
for more: tyrionpapers.com
IB/M/Jun25/G4001/V9
, 2
Do not write
outside the
Section A box
Answer all questions in this section.
Only one answer per question is allowed.
For each question completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now wish to select
as shown.
0 1 Which one of the following best describes mandated choice?
[1 mark]
A A limited range of options is provided
B Individuals are required by law to choose an option
C Options are framed to influence the outcome of decisions
D The option is selected automatically if an alternative is not chosen
*02* for more: tyrionpapers.com
IB/M/Jun25/7136/3
, 3
Do not write
outside the
0 2 Figure 1 shows a production possibility diagram for an economy where goods and box
services are produced in the private and public sectors. The economy is currently
producing at point Y.
Figure 1
Following a change in government, it is decided that the output of public sector goods and
services should be increased by VW.
What is the opportunity cost, in terms of private sector output, of this reallocation of
resources?
[1 mark]
A OS
B OT
C ST
D YZ
Turn over for the next question
Turn over ►
*03* for more: tyrionpapers.com
IB/M/Jun25/7136/3
, 4
Do not write
outside the
0 3 Which one of the following best describes how a social scientist would develop an box
economic theory?
[1 mark]
A Apply logic to make connections between normative and positive
economic concepts
B Create a hypothesis and test whether it can predict the behaviour of
economic agents
C Develop a number of policies and test whether they are successful in the
real world
D Form a set of value judgements and test whether they are supported by
statistical data
*04* for more: tyrionpapers.com
IB/M/Jun25/7136/3
