2025 AQA GCSE ECONOMICS Paper 1 How Markets Work
Question Paper & Mark Scheme (Merged) May 2025 [VERIFIED]
8136/1
IB/H/Jun25/G4002/E5
, 2
Do not write
outside the
Section A box
Answer all questions in the spaces provided.
For questions with four responses, 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 of the following is not a need?
[1 mark]
A Food
B Holiday
C Shelter
D Warmth
0 2 Which of the following represents the basic economic problem?
[1 mark]
A Non-renewable resources and limited wants
B Renewable resources and unlimited wants
C Scarce resources and limited wants
D Scarce resources and unlimited wants
IB/H/Jun25/8136/1
, 3
Do not write
outside the
0 3 Demand may be best defined as box
[1 mark]
A the equilibrium quantity of a good or service.
B the price of a good or service.
C the quantity of a good or service bought at a given price
in a given time period.
D the relationship between price and consumer income.
0 4 Which of the following is a factor of production?
[1 mark]
A Income
B Machinery
C Profit
D Rent
0 5 A firm is able to reduce its long-run average costs by producing a wide range of products.
This is an example of
[1 mark]
A financial economies of scale.
B purchasing economies of scale.
C risk-bearing economies of scale.
D technical economies of scale.
IB/H/Jun25/8136/1
, 4
Do not write
outside the
Turn over ►
IB/H/Jun25/8136/1
Question Paper & Mark Scheme (Merged) May 2025 [VERIFIED]
8136/1
IB/H/Jun25/G4002/E5
, 2
Do not write
outside the
Section A box
Answer all questions in the spaces provided.
For questions with four responses, 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 of the following is not a need?
[1 mark]
A Food
B Holiday
C Shelter
D Warmth
0 2 Which of the following represents the basic economic problem?
[1 mark]
A Non-renewable resources and limited wants
B Renewable resources and unlimited wants
C Scarce resources and limited wants
D Scarce resources and unlimited wants
IB/H/Jun25/8136/1
, 3
Do not write
outside the
0 3 Demand may be best defined as box
[1 mark]
A the equilibrium quantity of a good or service.
B the price of a good or service.
C the quantity of a good or service bought at a given price
in a given time period.
D the relationship between price and consumer income.
0 4 Which of the following is a factor of production?
[1 mark]
A Income
B Machinery
C Profit
D Rent
0 5 A firm is able to reduce its long-run average costs by producing a wide range of products.
This is an example of
[1 mark]
A financial economies of scale.
B purchasing economies of scale.
C risk-bearing economies of scale.
D technical economies of scale.
IB/H/Jun25/8136/1
, 4
Do not write
outside the
Turn over ►
IB/H/Jun25/8136/1
