Microeconomics ocr Study guides, Class notes & Summaries

OCR A LEVEL Economics H460/01 JUNE 2022 FINAL MARKSCHEME – Microeconomics. OCR (Oxford Cambridge and RSA) is a leading UK awarding body, providing a wide range of qualifications to meet the needs of candidates of all ages and abilities. OCR qualifications include AS/A Levels, Diplomas, GCSEs, Cambridge Nationals, Cambridge Technicals, Functional Skills, Key Skills, Entry Level qualifications, NVQs and vocational qualifications in areas such as IT, business, languages, teaching/training, a...

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Microeconomics OCR A Level Test Questions With All Correct Answers Economic goods - ANSWER Goods which benefit society, have the problem of scarcity and have an opportunity cost. Since economic goods are scarce, they have some value, so consumers will pay for them, and they can be traded. Factors which may enable/make easier collusion/cartels - ANSWER There are only a small number of firms in the industry and there are significant barriers to prevent new firms enterin...

This is the final mark scheme

Consumers Correct Answer A person or organisation that uses a good or service Producers Correct Answer A person, Company or country that makes, grows or supplies a good or service. factors of production Correct Answer capital enterprise land labour Economics resource Correct Answer Resources used to produce goods and services Needs Correct Answer Something that you need to survive in today's world Wants Correct Answer Anything that you want that isn't a need The basic economi...

Complete summary notes covering all topics from the OCR GCSE Economics J205 specification. These comprehensive notes include key definitions, diagrams, examples and evaluation tables for easier and quicker revision. Over 8x faster than reading through the textbook.

OCR A Level Microeconomics Paper 2022

OCR A Level Microeconomics Paper 2022 questions and answers latest 2024

OCR A Level Microeconomics Paper 2022