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Economics A-level Paper 1 MCQ

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krtcobain82:
Guys I need explanations for the following questions.

It's from oct/nov 2010

http://www.xtremepapers.me/CIE/index.php?dir=International%20A%20And%20AS%20Level/9708%20-%20Economics/&file=9708_w10_qp_11.pdf


Question no  3, 7, 23 and 24.

Dasith:
ANS:

3= (D) because as u can see more items of consumer goods are given up as more of capital goods are produced.
          Initiall/ close to zero capital goods no or nothing of consumer goods was given up
          But as it increases close to PPC curve near Y axis almost all consumer goods are given up to produce
          Capital goods.

7 = (B) u can calculate & see the, formulae is % change in Demand/ % change in income, Here expenditure =
       Demand. Hint : it cant be the last one as it has a negetive relationship, it cant be C because it has a 0            income elasticity . As demand has 0 change to + change in income.So calculate for the other two to see if income elasticity is between 0 & 1

Dasith:
for 23
my ans would be C but marking scheme gives A, wat i would think is rate of unemployment is % of working force that are are willing & able to work but cannot find work , so obviously a increase in unemployment
would decrease the people who are employed.But i think wat they mean here is not unemployment of labour as i thaught as i saw the question , they mean unemployment of all resources includiging land + labour + capital
so this would reduce effectiveness of use of resources.

Dibss:
+Rep
Continue helping out! (:

Dasith:

--- Quote from: Dibss on May 23, 2011, 08:46:22 pm ---+Rep
Continue helping out! (:

--- End quote ---

hehe Thanx :D

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