Cambridge IGCSE™(9–1)
ECONOMICS 0987/11
Paper 1 Multiple Choice May/June 2024
45 minutes
You must answer on the multiple choice answer sheet.
*6066497931*
You will need: Multiple choice answer sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
There are thirty questions on this paper. Answer all questions.
For each question there are four possible answers A, B, C and D. Choose the one you consider correct
and record your choice in soft pencil on the multiple choice answer sheet.
Follow the instructions on the multiple choice answer sheet.
Write in soft pencil.
Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you.
Do not use correction fluid.
Do not write on any bar codes.
You may use a calculator.
INFORMATION
The total mark for this paper is 30.
Each correct answer will score one mark.
Any rough working should be done on this question paper.
This document has 12 pages. Any blank pages are indicated.
06_0987_11_2024_1.1a
© UCLES 2024 [Turn over
, 2
1 What is a free good?
A free samples of a new product
B health services provided by the state
C second-hand clothing
D sunlight
2 A firm is deciding whether to produce good X or good Y for the next five years. The predicted
revenue for good X is $20 000 per year and for good Y is $18 000 per year.
What is the opportunity cost of producing good X?
A $18 000 B $20 000 C $90 000 D $100 000
3 The diagram shows a production possibility curve (PPC) for an economy.
good Y
M
N
O good X
What is the reason for the economy moving from point M to point N?
A decreased unemployment in industries producing good X
B improvement in technology used to produce good X
C increased productivity of workers producing good X
D increased resource allocation to the production of good X
4 What is not held constant when drawing a demand curve for a good or service?
A consumers’ incomes
B tastes and preferences
C the price of substitutes
D the price of the good or service
© UCLES 2024 06_0987_11_2024_1.1
ECONOMICS 0987/11
Paper 1 Multiple Choice May/June 2024
45 minutes
You must answer on the multiple choice answer sheet.
*6066497931*
You will need: Multiple choice answer sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
There are thirty questions on this paper. Answer all questions.
For each question there are four possible answers A, B, C and D. Choose the one you consider correct
and record your choice in soft pencil on the multiple choice answer sheet.
Follow the instructions on the multiple choice answer sheet.
Write in soft pencil.
Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you.
Do not use correction fluid.
Do not write on any bar codes.
You may use a calculator.
INFORMATION
The total mark for this paper is 30.
Each correct answer will score one mark.
Any rough working should be done on this question paper.
This document has 12 pages. Any blank pages are indicated.
06_0987_11_2024_1.1a
© UCLES 2024 [Turn over
, 2
1 What is a free good?
A free samples of a new product
B health services provided by the state
C second-hand clothing
D sunlight
2 A firm is deciding whether to produce good X or good Y for the next five years. The predicted
revenue for good X is $20 000 per year and for good Y is $18 000 per year.
What is the opportunity cost of producing good X?
A $18 000 B $20 000 C $90 000 D $100 000
3 The diagram shows a production possibility curve (PPC) for an economy.
good Y
M
N
O good X
What is the reason for the economy moving from point M to point N?
A decreased unemployment in industries producing good X
B improvement in technology used to produce good X
C increased productivity of workers producing good X
D increased resource allocation to the production of good X
4 What is not held constant when drawing a demand curve for a good or service?
A consumers’ incomes
B tastes and preferences
C the price of substitutes
D the price of the good or service
© UCLES 2024 06_0987_11_2024_1.1
