E
STRIP OFF
IOTHIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGE STRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP
N
OFF THIS PAGESTRIP OFF THIS PAGE STRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGE STRIP OFF THIS PAGESTRIP OFF
ED
20
THIS PAGESTRIP OFF
23 THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS
PAGE STRIP OFF THIS
F PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGE
EX
CE
L
J AN
M UN D
AR E A
KS 20 LE
IS
CH 23 VE
IO
L
N
EM M
E A
EDEXCEL
EL
EDEXCEL A LEVEL 2023MAY
PF
U
L
R
ECONOMICS
ED EV
JUNE
EX
A 9EC0
C2
R 023
EL
H EV FO
MARKSCHEME
EL IS R
J U
AS
PF IO H
2023
AS AND A LEVEL
M N A U N 2 EL
L
R 02 PFU
AR E N
EV 3F L
KS 20 D AIS OR R
IO H EV
CH 23 LE N E IS
LP IO
QUESTION PAPER 1.pdf
EM VE FU N
L L 20
E M R 2F
EV O
IS R
IO HE
AY
, Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Thursday 18 May 2023
Morning (Time: 2 hours) Paper
reference 9EC0/01
Economics A
Advanced
PAPER 1: Markets and Business Behaviour
You do not need any other materials. Total Marks
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
• There are three sections in this question paper. Answer all questions from
Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces provided
– there may be more space than you need.
Information
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
– use 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.
Check your answers if you have time at the end.
Turn over
P72980A
©2023 Pearson Education Ltd.
N:1/1/1/1/1/1/1
*P72980A0136*
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
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 30 minutes on this section.
Use the data to support your answers where relevant.
You may annotate and include diagrams in your answers.
1 In a major reform of its command economy, the Cuban government will allow small
private businesses to operate in most fields. Free market economists have long called
for the role of small business to be expanded to help jump‑start the economy and to
create jobs.
(Source adapted from: https://www.telegraph.co.uk/news/2021/02/07/
cuba-allows-massive-expansion-private-businesses/)
(a) With reference to the information provided, explain one advantage of a free
market economy.
(4)
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
2
*P72980A0236*
, (b) Which one of the following economic thinkers supported the idea of a
command economy?
(1)
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
A Adam Smith
B Friedrich Hayek
C John Maynard Keynes
D Karl Marx
(Total for Question 1 = 5 marks)
3
*P72980A0336* Turn over
STRIP OFF
IOTHIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGE STRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP
N
OFF THIS PAGESTRIP OFF THIS PAGE STRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGE STRIP OFF THIS PAGESTRIP OFF
ED
20
THIS PAGESTRIP OFF
23 THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS
PAGE STRIP OFF THIS
F PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGESTRIP OFF THIS PAGE
EX
CE
L
J AN
M UN D
AR E A
KS 20 LE
IS
CH 23 VE
IO
L
N
EM M
E A
EDEXCEL
EL
EDEXCEL A LEVEL 2023MAY
PF
U
L
R
ECONOMICS
ED EV
JUNE
EX
A 9EC0
C2
R 023
EL
H EV FO
MARKSCHEME
EL IS R
J U
AS
PF IO H
2023
AS AND A LEVEL
M N A U N 2 EL
L
R 02 PFU
AR E N
EV 3F L
KS 20 D AIS OR R
IO H EV
CH 23 LE N E IS
LP IO
QUESTION PAPER 1.pdf
EM VE FU N
L L 20
E M R 2F
EV O
IS R
IO HE
AY
, Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Thursday 18 May 2023
Morning (Time: 2 hours) Paper
reference 9EC0/01
Economics A
Advanced
PAPER 1: Markets and Business Behaviour
You do not need any other materials. Total Marks
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
• There are three sections in this question paper. Answer all questions from
Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces provided
– there may be more space than you need.
Information
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
– use 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.
Check your answers if you have time at the end.
Turn over
P72980A
©2023 Pearson Education Ltd.
N:1/1/1/1/1/1/1
*P72980A0136*
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
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 30 minutes on this section.
Use the data to support your answers where relevant.
You may annotate and include diagrams in your answers.
1 In a major reform of its command economy, the Cuban government will allow small
private businesses to operate in most fields. Free market economists have long called
for the role of small business to be expanded to help jump‑start the economy and to
create jobs.
(Source adapted from: https://www.telegraph.co.uk/news/2021/02/07/
cuba-allows-massive-expansion-private-businesses/)
(a) With reference to the information provided, explain one advantage of a free
market economy.
(4)
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... ................ . . . . . . . . . . . . . . . . . . . .
2
*P72980A0236*
, (b) Which one of the following economic thinkers supported the idea of a
command economy?
(1)
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
A Adam Smith
B Friedrich Hayek
C John Maynard Keynes
D Karl Marx
(Total for Question 1 = 5 marks)
3
*P72980A0336* Turn over
