Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel
Level 3 GCE
Monday 13 May 2019
Morning (Time: 1 hour 30 minutes) Paper Reference 8EC0/01
Economics A
Advanced Subsidiary
Paper 1: Introduction to Markets and Market Failure
You do not need any other materials. Total Marks
Instructions
• Use black ink or ball-point pen.
• centrethe
Fill in boxes at the top of this page with your name,
number and candidate number.
• There are two sections in this question paper.
• Answer all questions in Section A.
• Answer theB,questions
In Section answer all of questions 6(a) to 6(e) and one question from 6(f) or 6(g).
• – there may be more spacein the spaces provided
than you need.
Information
• The total mark for this paper is 80.
• – usemarks
The for each question are shown in brackets
this as a guide as to how much time to spend on each question.
• Calculators may be used.
Advice
• Read each question carefully before you start to answer it.
• your answers if you have time at the end.
Check
Turn over
*P57194A0132*
P57194A
©2019 Pearson Education Ltd.
1/1/1/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
Some questions must be answered with a cross in a box . If you change your mind about an
answer, put a line through the box and then mark your new answer with a cross .
You are advised to spend 25 minutes on this section.
Use the data to support your answers where relevant. You may annotate and include diagrams
in your answers.
1 Henry Ford designed his first moving assembly line in 1913, and revolutionised
the car production process of the Ford Model T. This assembly line, at the first Ford
factory, became the benchmark for mass production methods around the world.
(Source: adapted from https://www.ford.co.uk/experience-ford/history-and-heritage)
(a) The benefits of specialisation and division of labour are mostly associated with:
(1)
A Adam Smith
B Friedrich Hayek
C John Maynard Keynes
D Karl Marx
(b) Explain one advantage of the division of labour in car production.
(3)
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Total for Question 1 = 4 marks)
2
, BLANK PAGE
QUESTION 2 BEGINS ON THE NEXT PAGE.
3
, 2 The consensus that diesel emissions are bad for health has led to many cities
planning to ban diesel vehicles from their centres. The mayors of Paris, Mexico City,
Madrid and Athens have said they intend to ban these vehicles by 2025.
(Source: adapted from http://www.autoexpress.co.uk/car-news/consumer-news/98747/
diesel-ban-clean-air-zone-expansion-could-see-diesel-cars-charged-to)
(a) Annotate the diagram to show the change in consumer surplus in the market for
diesel vehicles, following the change in demand caused by the proposed 2025
ban in some city centres.
(2)
Price of diesel vehicles S
P
D
0 Q
Quantity of diesel vehicles
4
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel
Level 3 GCE
Monday 13 May 2019
Morning (Time: 1 hour 30 minutes) Paper Reference 8EC0/01
Economics A
Advanced Subsidiary
Paper 1: Introduction to Markets and Market Failure
You do not need any other materials. Total Marks
Instructions
• Use black ink or ball-point pen.
• centrethe
Fill in boxes at the top of this page with your name,
number and candidate number.
• There are two sections in this question paper.
• Answer all questions in Section A.
• Answer theB,questions
In Section answer all of questions 6(a) to 6(e) and one question from 6(f) or 6(g).
• – there may be more spacein the spaces provided
than you need.
Information
• The total mark for this paper is 80.
• – usemarks
The for each question are shown in brackets
this as a guide as to how much time to spend on each question.
• Calculators may be used.
Advice
• Read each question carefully before you start to answer it.
• your answers if you have time at the end.
Check
Turn over
*P57194A0132*
P57194A
©2019 Pearson Education Ltd.
1/1/1/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
Some questions must be answered with a cross in a box . If you change your mind about an
answer, put a line through the box and then mark your new answer with a cross .
You are advised to spend 25 minutes on this section.
Use the data to support your answers where relevant. You may annotate and include diagrams
in your answers.
1 Henry Ford designed his first moving assembly line in 1913, and revolutionised
the car production process of the Ford Model T. This assembly line, at the first Ford
factory, became the benchmark for mass production methods around the world.
(Source: adapted from https://www.ford.co.uk/experience-ford/history-and-heritage)
(a) The benefits of specialisation and division of labour are mostly associated with:
(1)
A Adam Smith
B Friedrich Hayek
C John Maynard Keynes
D Karl Marx
(b) Explain one advantage of the division of labour in car production.
(3)
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Total for Question 1 = 4 marks)
2
, BLANK PAGE
QUESTION 2 BEGINS ON THE NEXT PAGE.
3
, 2 The consensus that diesel emissions are bad for health has led to many cities
planning to ban diesel vehicles from their centres. The mayors of Paris, Mexico City,
Madrid and Athens have said they intend to ban these vehicles by 2025.
(Source: adapted from http://www.autoexpress.co.uk/car-news/consumer-news/98747/
diesel-ban-clean-air-zone-expansion-could-see-diesel-cars-charged-to)
(a) Annotate the diagram to show the change in consumer surplus in the market for
diesel vehicles, following the change in demand caused by the proposed 2025
ban in some city centres.
(2)
Price of diesel vehicles S
P
D
0 Q
Quantity of diesel vehicles
4
