A LEVEL ECONOMICS: Actual June 2025 PAST PAPER 3: Themes in Economics. All Assessment
Questions & Mark Scheme [OCR H460/03]
Exam Resource Summary
The A Level Economics June 2025 Themes in Economics Paper (OCR H460/03) brings together the full
official examination paper and its complete mark scheme to create a rigorous, high-impact revision
resource. This paper assesses candidates across the synoptic themes of microeconomics and
macroeconomics, requiring them to apply economic theories, quantitative skills, and real-world
understanding to complex scenarios. Students must analyse and interpret data, evaluate policy decisions,
assess market behaviours, and construct well-reasoned economic arguments that demonstrate depth,
coherence, and awareness of wider economic contexts. By integrating every exam question with its
corresponding marking criteria, this resource clarifies examiner expectations and highlights the analytical
precision, evaluation quality, and application of theory needed for top-band responses. The combined
format enhances targeted revision, strengthens problem-solving and essay-writing skills, and equips
learners with the tools necessary for success in the May/June 2026 OCR A Level Economics Themes in
Economics examination.
OCR is an exempt Charity
Turn over
, 2
Section A
Write your answer to each question in the box provided.
1 Which point on the diagram represents productive efficiency for the firm?
Costs /
revenu es
MC
AC
AR
O Q1 Q2Q3 Q4 Quantity
MR
A Q1
B Q2
C Q3
D Q4
Your answer [1]
2 In the diagram what represents the opportunity cost of increasing production of wheat from W1 to
W2?
Corn
C1
C2
C3
O W1 W2 W3
Wheat
A C1 to C2
B C1 to C3
C C2 to C3
D W2 to W3
Your answer [1]
© OCR 2025
, 3
3 What is missing from the Harrod-Domar model?
? INVESTMENT
ECONOMIC INCREASE IN
GROWTH CAPITAL STOCK
A Banks
B Exports
C Microfinance
D Saving
Your answer [1]
4 The UK government imposes a tariff on imports of steel from Japan.
In retaliation the Japanese government imposes protectionist policies on UK firms.
What is a likely outcome for the UK economy?
A An increase in exports to Japan
B An increase in imports from Japan
C An increase in the consumer surplus in the steel market
D An increase in unemployment in UK exporting industries
Your answer [1]
© OCR 2025 Turn over
, 4
5 Country A is experiencing a long-term improvement in the terms of trade.
Country B is experiencing a long-term deterioration in the terms of trade.
What is the likely impact?
A An increase in inequality between country A and country B
B An increase in inequality within country A and within country B
C An increase in living standards in country B
D An increase in the number of exports country A needs to sell in order to buy the same
quantity of imports
Your answer [1]
6 Which of these are in joint supply?
A Beef and leather
B Carrots and potatoes
C iPhones and iPhone chargers
D Buildings and brick layers
Your answer [1]
7 The price elasticity of supply (PES) of tomatoes is 0.2.
At a price of £2.40 per Kg the supply of tomatoes is 130 000 Kg.
What would be the new quantity of tomatoes supplied if the price of tomatoes increased to £3.00
per Kg?
A 132 600 Kg
B 135 200 Kg
C 136 500 Kg
D 292 500 Kg
Your answer [1]
© OCR 2025
Questions & Mark Scheme [OCR H460/03]
Exam Resource Summary
The A Level Economics June 2025 Themes in Economics Paper (OCR H460/03) brings together the full
official examination paper and its complete mark scheme to create a rigorous, high-impact revision
resource. This paper assesses candidates across the synoptic themes of microeconomics and
macroeconomics, requiring them to apply economic theories, quantitative skills, and real-world
understanding to complex scenarios. Students must analyse and interpret data, evaluate policy decisions,
assess market behaviours, and construct well-reasoned economic arguments that demonstrate depth,
coherence, and awareness of wider economic contexts. By integrating every exam question with its
corresponding marking criteria, this resource clarifies examiner expectations and highlights the analytical
precision, evaluation quality, and application of theory needed for top-band responses. The combined
format enhances targeted revision, strengthens problem-solving and essay-writing skills, and equips
learners with the tools necessary for success in the May/June 2026 OCR A Level Economics Themes in
Economics examination.
OCR is an exempt Charity
Turn over
, 2
Section A
Write your answer to each question in the box provided.
1 Which point on the diagram represents productive efficiency for the firm?
Costs /
revenu es
MC
AC
AR
O Q1 Q2Q3 Q4 Quantity
MR
A Q1
B Q2
C Q3
D Q4
Your answer [1]
2 In the diagram what represents the opportunity cost of increasing production of wheat from W1 to
W2?
Corn
C1
C2
C3
O W1 W2 W3
Wheat
A C1 to C2
B C1 to C3
C C2 to C3
D W2 to W3
Your answer [1]
© OCR 2025
, 3
3 What is missing from the Harrod-Domar model?
? INVESTMENT
ECONOMIC INCREASE IN
GROWTH CAPITAL STOCK
A Banks
B Exports
C Microfinance
D Saving
Your answer [1]
4 The UK government imposes a tariff on imports of steel from Japan.
In retaliation the Japanese government imposes protectionist policies on UK firms.
What is a likely outcome for the UK economy?
A An increase in exports to Japan
B An increase in imports from Japan
C An increase in the consumer surplus in the steel market
D An increase in unemployment in UK exporting industries
Your answer [1]
© OCR 2025 Turn over
, 4
5 Country A is experiencing a long-term improvement in the terms of trade.
Country B is experiencing a long-term deterioration in the terms of trade.
What is the likely impact?
A An increase in inequality between country A and country B
B An increase in inequality within country A and within country B
C An increase in living standards in country B
D An increase in the number of exports country A needs to sell in order to buy the same
quantity of imports
Your answer [1]
6 Which of these are in joint supply?
A Beef and leather
B Carrots and potatoes
C iPhones and iPhone chargers
D Buildings and brick layers
Your answer [1]
7 The price elasticity of supply (PES) of tomatoes is 0.2.
At a price of £2.40 per Kg the supply of tomatoes is 130 000 Kg.
What would be the new quantity of tomatoes supplied if the price of tomatoes increased to £3.00
per Kg?
A 132 600 Kg
B 135 200 Kg
C 136 500 Kg
D 292 500 Kg
Your answer [1]
© OCR 2025
