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OCR economics H060 paper 1 2025, microeconomics exam paper AS level, economics revision OCR questions

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Verified OCR AS Level Economics H060 Paper 1 2025 microeconomics question paper with complete mark scheme covering demand, supply, markets, and economic theory.

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2O25 OCR AS 2O25
Level Economics
OCR AS 2O25
Level
H060-01
Economics
OCR Microeconomics
AS Level
H060-01
Economics
Microeconomics
Verified
H060-01
Question
Microeconomics
Verified
paperQuestion
with Marking
Verified
paperScheme
Question
with Marking
combined.pdf
paper
Scheme
with Marking
combined.pdf
Scheme combined.pdf




Oxford Cambridge and RSA

Tuesday 13 May 2025 – Morning
AS Level Economics
H060/01 Microeconomics
Time allowed: 1 hour 30 minutes

You can use:
• a scientific or graphical calculator*


Please write clearly in black ink. Do not write in the barcodes.

Centre number Candidate number


First name(s)

Last name


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 in Section A and Section B and one question in Section C.

INFORMATION
• The total mark for this paper is 60.
• 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 20 pages.

ADVICE
• Read each question carefully before you start your answer.




© OCR 2025 [601/4801/9] OCR is an exempt Charity
DC (CJ/CB) 337418/3 Turn over




2O25 OCR AS 2O25
Level Economics
OCR AS 2O25
Level
H060-01
Economics
OCR Microeconomics
AS Level
H060-01
Economics
Microeconomics
Verified
H060-01
Question
Microeconomics
Verified
paperQuestion
with Marking
Verified
paperScheme
Question
with Marking
combined.pdf
paper
Scheme
with Marking
combined.pdf
Scheme combined.pdf

, 2O25 OCR AS 2O25
Level Economics
OCR AS 2O25
Level
H060-01
Economics
OCR Microeconomics
AS Level
H060-01
Economics
Microeconomics
Verified
H060-01
Question
Microeconomics
Verified
paperQuestion
with Marking
Verified
paperScheme
Question
with Marking
combined.pdf
paper
Scheme
with Marking
combined.pdf
Scheme combined.pdf



2
Section A

Write your answer for each question in the box provided.

1 Whose objective is it to raise tax revenue?

A Employees
B Firms
C Government
D Households

Your answer [1]


2 The table shows the production possibility curve for a country that produces capital and
consumer goods.

Capital goods Consumer goods
(million units) (million units)
0 50
10 35
20 23
30 8
40 0

What is the opportunity cost of moving from 20 million units of capital goods to producing 30
million units of capital goods?

A 10 million capital goods
B 20 million capital goods
C 8 million consumer goods
D 15 million consumer goods

Your answer [1]


3 What is most likely to occur, if the price of a smartphone fell from £950 to £800?

A Demand curve shifts right B
Extension in demand
C Extension in supply
D Supply curve shifts left

Your answer [1]




© OCR 2025



2O25 OCR AS 2O25
Level Economics
OCR AS 2O25
Level
H060-01
Economics
OCR Microeconomics
AS Level
H060-01
Economics
Microeconomics
Verified
H060-01
Question
Microeconomics
Verified
paperQuestion
with Marking
Verified
paperScheme
Question
with Marking
combined.pdf
paper
Scheme
with Marking
combined.pdf
Scheme combined.pdf

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