GCSE ECONOMICS — Actual May 2025 PAST PAPER: Introduction to Economics
All Assessment Questions & Mark Scheme [OCR J205/01]
Exam Resource Summary
The GCSE (9–1) Economics May 2025 Introduction to Economics Paper (OCR J205/01) integrates the
full official examination paper with its detailed mark scheme to create a focused and comprehensive
revision resource. This paper assesses students’ understanding of fundamental economic concepts,
including supply and demand, markets, business behaviour, government intervention, and basic economic
indicators. Candidates are expected to apply theoretical knowledge to practical scenarios, interpret data,
and construct reasoned economic arguments. By presenting each question alongside its marking criteria,
the resource clarifies examiner expectations, highlights the analytical and evaluative skills required for
high-band responses, and guides learners in producing precise, well-structured answers. This integrated
format supports targeted revision, reinforces core economic principles, and prepares students thoroughly
for the 2026 OCR GCSE Economics Introduction to Economics examination.
OCR is an exempt Charity
Turn over
, 2
Section A
Write your answer to each question in the box provided.
1 One factor of production is labour.
The quantity of labour in an economy depends on the
A ability of entrepreneurs to organise it
B amount of land able to support people
C availability of human resources
D provision of education
Your answer [1]
2 What is meant by scarce resources?
A Economic choice means that resources are used in the best way possible
B Resources must not be overused so they can be replaced
C The existence of finite resources and the need to choose between uses
D Where there are insufficient resources to satisfy all wants
Your answer [1]
3 A clothing retailer decides to sell its goods to consumers on the internet.
According to an economist, what is this an example of?
A A market
B An exchange
C Demand
D Supply
Your answer [1]
© OCR 2025
, 3
4 Diagram X Diagram Y Diagram Z
Price Price Price
D
D D
0 Quantity 0 Quantity 0 Quantity
Consumer A Consumer B Consumers A+B
What does Diagram Z show?
A Changes in tastes of consumers
B Market demand of consumers
C Perfectly inelastic demand
D Shift in the demand curve
Your answer [1]
5 The actions of one firm in a market has a considerable effect on other firms.
What type of market is this most likely to be?
A Competitive
B Monopoly
C Oligopoly
D Specialist
Your answer [1]
© OCR 2025 Turn over
, 4
6 What is not likely to result from an increase in production in an industry?
A An increase in profits
B An increase in the output of goods
C Greater environmental sustainability
D Increased economies of scale
Your answer [1]
7 The time period is very important when considering supply.
What is the best reason for this?
A Goods and services vary in how long it takes to change their supply
B Greater efficiency can be gained if more resources are available
C Production costs will rise in the short run but fall in the long run
D The quantity supplied varies directly with the change in price
Your answer [1]
8 A farmer sells bags of carrots. When the price is reduced from £2.00 per bag to £1.50, the
quantity sold increases by 15%.
The demand for carrots is
A perfectly price inelastic
B price elastic
C price inelastic
D unitary price elastic
Your answer [1]
© OCR 2025
All Assessment Questions & Mark Scheme [OCR J205/01]
Exam Resource Summary
The GCSE (9–1) Economics May 2025 Introduction to Economics Paper (OCR J205/01) integrates the
full official examination paper with its detailed mark scheme to create a focused and comprehensive
revision resource. This paper assesses students’ understanding of fundamental economic concepts,
including supply and demand, markets, business behaviour, government intervention, and basic economic
indicators. Candidates are expected to apply theoretical knowledge to practical scenarios, interpret data,
and construct reasoned economic arguments. By presenting each question alongside its marking criteria,
the resource clarifies examiner expectations, highlights the analytical and evaluative skills required for
high-band responses, and guides learners in producing precise, well-structured answers. This integrated
format supports targeted revision, reinforces core economic principles, and prepares students thoroughly
for the 2026 OCR GCSE Economics Introduction to Economics examination.
OCR is an exempt Charity
Turn over
, 2
Section A
Write your answer to each question in the box provided.
1 One factor of production is labour.
The quantity of labour in an economy depends on the
A ability of entrepreneurs to organise it
B amount of land able to support people
C availability of human resources
D provision of education
Your answer [1]
2 What is meant by scarce resources?
A Economic choice means that resources are used in the best way possible
B Resources must not be overused so they can be replaced
C The existence of finite resources and the need to choose between uses
D Where there are insufficient resources to satisfy all wants
Your answer [1]
3 A clothing retailer decides to sell its goods to consumers on the internet.
According to an economist, what is this an example of?
A A market
B An exchange
C Demand
D Supply
Your answer [1]
© OCR 2025
, 3
4 Diagram X Diagram Y Diagram Z
Price Price Price
D
D D
0 Quantity 0 Quantity 0 Quantity
Consumer A Consumer B Consumers A+B
What does Diagram Z show?
A Changes in tastes of consumers
B Market demand of consumers
C Perfectly inelastic demand
D Shift in the demand curve
Your answer [1]
5 The actions of one firm in a market has a considerable effect on other firms.
What type of market is this most likely to be?
A Competitive
B Monopoly
C Oligopoly
D Specialist
Your answer [1]
© OCR 2025 Turn over
, 4
6 What is not likely to result from an increase in production in an industry?
A An increase in profits
B An increase in the output of goods
C Greater environmental sustainability
D Increased economies of scale
Your answer [1]
7 The time period is very important when considering supply.
What is the best reason for this?
A Goods and services vary in how long it takes to change their supply
B Greater efficiency can be gained if more resources are available
C Production costs will rise in the short run but fall in the long run
D The quantity supplied varies directly with the change in price
Your answer [1]
8 A farmer sells bags of carrots. When the price is reduced from £2.00 per bag to £1.50, the
quantity sold increases by 15%.
The demand for carrots is
A perfectly price inelastic
B price elastic
C price inelastic
D unitary price elastic
Your answer [1]
© OCR 2025
