A-level
ECONOMICS
7136/3
Paper 3 Economic Principles and Issues
Mark scheme
June 2022
Version 1.0 Final Mark Scheme
, MARK SCHEME – A-LEVEL ECONOMICS – 7136/3 – JUNE
2022
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.
Further copies of this mark scheme are available from aqa.org.uk
2
, MARK SCHEME – A-LEVEL ECONOMICS – 7136/3 – JUNE
2022
SECTION A
KEY LIST
B
D (Most banks carry out D
1 11 21
(may be true or false) both commercial and (Total utility is
investment maximised.)
banking activities.)
C
C
(Moving products C
(A natural disaster,
2 with a high sugar 12 22 (Increasing, Increasing,
damaging productive
content away from Increasing)
capacity)
supermarket
checkouts)
A
(Helping countries C
A
3 13 settle disputes over 23 (£264 billion)
(greater at X than Y)
tariffs and quotas)
D
(There is
C A
4 14 considerable spare 24
(3.3%) (make supernormal
capacity in the car
profits)
industry.)
B
B
C
5 15 25 ( 1
)
(price levels)
40
C
(The income of some
C B
6 16 households is 26
(Rates of income tax) (£100 bn)
significantly
less than the median
household income.)
B
B
(Producers will be more
D (The cost of living
7 likely to have to pay 17 27
(regressive tax) for people who live
compensation for
in UK seaside towns
pollution.)
will fall.)
A
A
C (The total amount paid
(Government
8 (The firm’s total 18 28 in wages will fall from
retraining schemes
revenue falls.) (W2 × Q2) to (W3 ×
for structurally
Q1).)
unemployed
workers)
C
C C
9 19 29 (Increasing life
(price discrimination) (5 + 6)
expectancy at birth)
3
ECONOMICS
7136/3
Paper 3 Economic Principles and Issues
Mark scheme
June 2022
Version 1.0 Final Mark Scheme
, MARK SCHEME – A-LEVEL ECONOMICS – 7136/3 – JUNE
2022
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.
Further copies of this mark scheme are available from aqa.org.uk
2
, MARK SCHEME – A-LEVEL ECONOMICS – 7136/3 – JUNE
2022
SECTION A
KEY LIST
B
D (Most banks carry out D
1 11 21
(may be true or false) both commercial and (Total utility is
investment maximised.)
banking activities.)
C
C
(Moving products C
(A natural disaster,
2 with a high sugar 12 22 (Increasing, Increasing,
damaging productive
content away from Increasing)
capacity)
supermarket
checkouts)
A
(Helping countries C
A
3 13 settle disputes over 23 (£264 billion)
(greater at X than Y)
tariffs and quotas)
D
(There is
C A
4 14 considerable spare 24
(3.3%) (make supernormal
capacity in the car
profits)
industry.)
B
B
C
5 15 25 ( 1
)
(price levels)
40
C
(The income of some
C B
6 16 households is 26
(Rates of income tax) (£100 bn)
significantly
less than the median
household income.)
B
B
(Producers will be more
D (The cost of living
7 likely to have to pay 17 27
(regressive tax) for people who live
compensation for
in UK seaside towns
pollution.)
will fall.)
A
A
C (The total amount paid
(Government
8 (The firm’s total 18 28 in wages will fall from
retraining schemes
revenue falls.) (W2 × Q2) to (W3 ×
for structurally
Q1).)
unemployed
workers)
C
C C
9 19 29 (Increasing life
(price discrimination) (5 + 6)
expectancy at birth)
3
