ALEVEL Economics past paper
OXFORD CAMBRIDGE AND RSA EXAMINATIONS
Advanced Subsidiary GCE
ECONOMICS 2881
THE MARKET SYSTEM
Friday 9 JUNE 2006 Afternoon 1 hour
Additional materials:
Designated Answer Booklet [2881/AB]
TIME 1 hour
INSTRUCTIONS TO CANDIDATES
Write your name, Centre number and candidate number in the spaces provided on the answer booklet.
Answer all questions.
Write all your answers on the separate answer booklet provided.
INFORMATION FOR CANDIDATES
The number of marks is given in brackets [ ] at the end of each question or part question.
The quality of your written communication will be taken into account in marking your answer to the
question labelled with an asterisk (*).
This question paper consists of 4 printed pages.
SP (SC/SLM) S96172/3
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2
Answer all parts of this question in the accompanying answer booklet.
Making choices
Economists have to deal with many aspects of the ‘economic problem’. This
problem affects the ways in which individuals, firms and governments behave.
Most of the decisions that are taken require choices to be made. Economists use a
variety of techniques to analyse why choices have to be made, as well as the
causes and consequences of these choices. These techniques include:
• diagrams such as a Production Possibility Curve (PPC);
• statistical data such as demand schedules;
• investigations, for example, into the actual behaviour of firms in different
market structures.
Taken together, these