GCSE (9–1) Economics
J205/01 Introduction to Economics
Sample Question Paper Version 3.3
Date – Morning/Afternoon
Time allowed: 1 hour 30 minutes
You may use:
• a scientific or graphical calculator
* 0 0 0 0 0 0 *
First name
Last name
Centre Candidate
number number
INSTRUCTIONS
• Use black ink.
• Complete the boxes above with your name, centre number and candidate
number.
• Answer all the questions.
• Write your answer to each question in the space provided.
• If additional space is required, use the lined page(s) at the end of this
booklet. The question number(s) must be clearly shown.
• Do not write in the bar codes.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an
asterisk (*).
• This document consists of 24 pages.
© OCR 2022 J205/01 Turn over
[603/0143/0] DC (…) A10037/2_3.3
, 2
Section A
Answer all the questions in this section.
1 Which one of the following is true of a market economy?
A All resources are owned by the state
B Factors of production do not have a price
C Producers respond to changes in consumer demand
D There is no competition amongst producers
Your answer
[1]
2 Which one of the following is not a factor of production?
A Capital
B Labour
C Land
D Money
Your answer
[1]
3 An opportunity cost of a car manufacturing firm deciding to increase its labour force would be
A the benefits of increasing the size of its labour force
B the benefits that could have been received by investing in machinery
C the increase in the amount of profit made by the firm
D the increase in the amount spent on wages
Your answer
[1]
© OCR 2022 J205/01
, 3
4
Sweden: GDP Composition by
Sector
1.8 %
33.3 % Primary sector
Secondary sector
64.9 % Tertiary sector
Sierra Leone: GDP Composition by
Sector
32.3 %
Primary sector
61.6 %
Secondary sector
Tertiary sector
6.3 %
Information about what different countries produce can be useful for investment decisions. Using
the information in the pie charts, which one of the following statements must be true?
A Primary sector output in Sierra Leone has been increasing
B Sierra Leone produces more primary sector products than Sweden
C Swedish tertiary sector output is bigger than the secondary and primary combined
D The two economies are the same size
Your answer
[1]
© OCR 2022 J205/01 Turn over
, 4
5 A decrease in wages for construction workers would be most likely to
A cause a shift in the demand curve for labour
B increase house prices
C lead to more construction workers being employed
D reduce the supply of houses
Your answer
[1]
6 Which one of the following is determined in a product market?
A The output of desks
B The quantity of carpenters
C The rent of a field
D The wages of plumbers
Your answer
[1]
7 Economies of scale occur when a producer increases output and
A average costs fall
B gets existing staff to work overtime
C pays more for its raw materials
D takes on more workers
Your answer
[1]
8 In an oligopolistic market there is
A a single producer
B competition between a few large producers
C easy entry into the market
D no advertising
Your answer
[1]
© OCR 2022 J205/01
J205/01 Introduction to Economics
Sample Question Paper Version 3.3
Date – Morning/Afternoon
Time allowed: 1 hour 30 minutes
You may use:
• a scientific or graphical calculator
* 0 0 0 0 0 0 *
First name
Last name
Centre Candidate
number number
INSTRUCTIONS
• Use black ink.
• Complete the boxes above with your name, centre number and candidate
number.
• Answer all the questions.
• Write your answer to each question in the space provided.
• If additional space is required, use the lined page(s) at the end of this
booklet. The question number(s) must be clearly shown.
• Do not write in the bar codes.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an
asterisk (*).
• This document consists of 24 pages.
© OCR 2022 J205/01 Turn over
[603/0143/0] DC (…) A10037/2_3.3
, 2
Section A
Answer all the questions in this section.
1 Which one of the following is true of a market economy?
A All resources are owned by the state
B Factors of production do not have a price
C Producers respond to changes in consumer demand
D There is no competition amongst producers
Your answer
[1]
2 Which one of the following is not a factor of production?
A Capital
B Labour
C Land
D Money
Your answer
[1]
3 An opportunity cost of a car manufacturing firm deciding to increase its labour force would be
A the benefits of increasing the size of its labour force
B the benefits that could have been received by investing in machinery
C the increase in the amount of profit made by the firm
D the increase in the amount spent on wages
Your answer
[1]
© OCR 2022 J205/01
, 3
4
Sweden: GDP Composition by
Sector
1.8 %
33.3 % Primary sector
Secondary sector
64.9 % Tertiary sector
Sierra Leone: GDP Composition by
Sector
32.3 %
Primary sector
61.6 %
Secondary sector
Tertiary sector
6.3 %
Information about what different countries produce can be useful for investment decisions. Using
the information in the pie charts, which one of the following statements must be true?
A Primary sector output in Sierra Leone has been increasing
B Sierra Leone produces more primary sector products than Sweden
C Swedish tertiary sector output is bigger than the secondary and primary combined
D The two economies are the same size
Your answer
[1]
© OCR 2022 J205/01 Turn over
, 4
5 A decrease in wages for construction workers would be most likely to
A cause a shift in the demand curve for labour
B increase house prices
C lead to more construction workers being employed
D reduce the supply of houses
Your answer
[1]
6 Which one of the following is determined in a product market?
A The output of desks
B The quantity of carpenters
C The rent of a field
D The wages of plumbers
Your answer
[1]
7 Economies of scale occur when a producer increases output and
A average costs fall
B gets existing staff to work overtime
C pays more for its raw materials
D takes on more workers
Your answer
[1]
8 In an oligopolistic market there is
A a single producer
B competition between a few large producers
C easy entry into the market
D no advertising
Your answer
[1]
© OCR 2022 J205/01
