Question No.

Sub Question Question

component parts. Supplies of these metals are finite and
1 Comment on the relative significance of the growth in the
their prices,
a) number of all-electrictocars
Use the information for 2010–2016
discuss what mightcompared
happen towith
the
b) annual
long-run sales
averageof all cars
cost ofin the world.
producing batteries for all-electric
Use the information to assess whether it is likely that the
c) cars.
switch to all-electric cars will substantially reduce world
Assess
demandthe for effects
oil. on the social costs of transport of
d) ‘The cause and extent of market
replacing diesel and petrol enginefailure depends
cars with entirely
all-electric cars.
2 upon the type of market structure under consideration.’
for labourthis
Discuss and discuss the importance of the elasticity of
statement.
3 a) ‘Monopsonist employers cause
demand for labour in relation to labour market failure
the effectiveness of awhile
b) trade unions
Explain what can solve this
economists labour
mean by market failure.’
the marginal propensity
4 a) To what extent
to consume do you agree the that this viewofisthis
accurate?
Discuss whatand consider
determines the importance
level of savings in an concept in
economy
b) relation
and to government
assess the impact macroeconomic
of an increase inpolicy.
the level of savings
Explain the quantity
upon economic growththeory
and of money and discuss why the
employment.
5 a)
theory might not work in practice.
To what extent do you agree with the view that the control of
b)
inflation
investment should
(FDI)bewill
theproduce
most important macroeconomic
an increase aim?
in GDP therefore
6
governments in
view that an increase in investment in infrastructure will
7 a) To what extent do youinagree that it and
is not possibleeconomic
to
promote an increase both actual potential
b) achieve economic growth without simultaneously causing a
balance of payments deficit?
QIMG Reference Answer
9708/41/O/N/21/1
• but scale of all-electric is 2 million which is only a small
9708/41/O/N/21/1
fraction (2.9 %)
9708/41/O/N/21/1alternatives. Demand is, thus, relatively price inelastic. [2]
• However, unless battery technology changes, AVC are
9708/41/O/N/21/1demand for cars increases. [1]
9708/41/O/N/21/1• Demand for oil in emerging economies is also expected to
of the statement in its entirety.
9708/41/O/N/21/2• Other transport – ships, planes, heavy goods vehicles –
9708/41/O/N/21/3L4
L4 (9
(9 ̶̶ 12
13 marks):
marks): For
For a clear explanation
analysis and analysis
which addresses of at
both parts
9708/41/O/N/21/3of the question. A clear attempt to evaluate the accuracythe
least two factors which might determine the elasticity of of
income
the view might
under be spent on purchasing
consideration should imports
be and this by
demonstrated is
9708/41/O/N/21/4determinants
likely to have a
9708/41/O/N/21/4of the level of savings in an economy plus evaluative
argument.
9708/41/O/N/21/5comment which
failure to
9708/41/O/N/21/5L4 (9 ̶ 12 marks): For a sound explanation of the Quantity
achieve
statement each goal
under on the economy. Each goal will be
consideration.
9708/41/O/N/21/6the nature and extent of the level of investment.
9708/41/O/N/21/7with the statement under consideration.
9708/41/O/N/21/7L4 (9 ̶ 12 marks): For demonstrating a clear understanding
L4 (9 ̶ 13 marks): For an answer that examines alternative
 Image for Marks
Guidance AIMG Subject Code Chapter Topic
Guidance Allocated
9708
2 9708 4 1
5 9708 7 4
6 9708 2 1
7 9708 7 4
25 9708 7 3
12 9708 8 3
13 9708 8 3
12 9708 9 1
13 9708 9 1
12 9708 9 4
13 9708 10 3
25 9708 11 5
12 9708 9 2
13 9708 10 2
Question
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