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1.1- Nature of Economics- A level Economics Edexcel Exam Questions

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Module Unit 1 - Introduction to markets and market failure
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Memorsing content can only take you so far, so use exam questions effectively to prepare yourself for the actual exam. This document will help you do so, it contains exam questions for this spec point. [A Level Economics Edexcel A, Exam Questions]

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1.1 Nature of Economics
Question Paper




Course Edexcel A Level Economics A
Section 1. Introduction to Markets & Market Failure
Topic 1.1 Nature of Economics
Difficulty Medium




Time allowed: 20
Score: /14
Percentage: /100




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© 2015-2023 Save My Exams, Ltd. · Revision Notes, Topic Questions, Past Papers

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Question 1
In August 2017 Hurricane Harvey caused the closure of nearly a quarter of the oil production capacity in the United States.
The diagrams show movements from position X to Y on production possibility frontiers. In which one of the diagrams does
the movement from X to Y illustrate the most likely impact on the US economy of a natural disaster such as Hurricane Harvey?




[1 mark]




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© 2015-2023 Save My Exams, Ltd. · Revision Notes, Topic Questions, Past Papers

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