Paper 1: Markets and how they work · 9EB0/01

Edexcel B A-level Paper 1, June 2022

All 10 written questions from Edexcel B A-level Paper 1 (June 2022), Markets and how they work. Case studies: UK market share figures (%) for car manufacturers in 2020, UK Consumer Price Index (CPI) inflation rate (%) June 2020… and Thousands of Uber drivers to receive employee benefits. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme Examiner report

Section A

Q1(a)Calculate4 marks

Using Extract A, calculate to two decimal places the 5‐firm concentration ratio for the UK car manufacturing industry. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicCompetition and market power

Question paper p.6 Mark scheme p.4 Examiner report p.4 Open in the tool

Q1(b)Explain4 marks

Explain one reason why there is less likely to be price competition in the car industry.

Mark splitKnowledge 1Application 2Analysis 1

TopicMarket failure and government interventionRevenue, costs, profits and cash

Question paper p.7 Mark scheme p.5 Examiner report p.5 Open in the tool

Q1(c)Calculate4 marks

Using Extract B, calculate to two decimal places the profit for the year margin for Stellantis in 2020. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicMarket failure and government interventionRevenue, costs, profits and cash

Question paper p.8 Mark scheme p.5 Examiner report p.8 Open in the tool

Q1(d)Analyse6 marks

Using a suitable diagram, analyse the likely impact on the market for new petrol and diesel cars if the government increases the subsidy on new electric cars.

Mark splitKnowledge 2Application 2Analysis 2

TopicMarket failure and government interventionIntroducing the market

Question paper p.9 Mark scheme p.6 Examiner report p.9 Open in the tool Draw it: supply and demand diagram Or: subsidy diagram

Q1(e)Discuss8 marks

Discuss the likely impact on UK car exports following a depreciation of the pound against the euro.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicMarket failure and government interventionRevenue, costs, profits and cash

Question paper p.11 Mark scheme p.7 Examiner report p.12 Open in the tool

Q1(f)Assess10 marks

Assess the likely benefits for Stellantis of selling a range of different car brands.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicMarket failure and government interventionRevenue, costs, profits and cash

Question paper p.13 Mark scheme p.9 Examiner report p.15 Open in the tool

Q1(g)Assess12 marks

Assess the benefits to the UK economy of subsidising the Vauxhall car plant in Ellesmere Port.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicMarket failure and government intervention

Question paper p.15 Mark scheme p.11 Examiner report p.19 Open in the tool Practise the subsidy diagram

Q1(h)Assess12 marks

Assess the likely impact on the UK economy of the Government banning the sale of new petrol and diesel cars from 2030.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicMarket failure and government interventionRevenue, costs, profits and cash

Question paper p.17 Mark scheme p.13 Examiner report p.22 Open in the tool

Section B

Case study

UK Consumer Price Index (CPI) inflation rate (%) June 2020 – May 2021

Extracts: F: UK Consumer Price Index (CPI) inflation rate (%) June 2020 – May 2021 · G: UK inflation risk May 2021

In the extracts: CPI, MPC, Gross Domestic Product, Policy Committee, Bank of England, BoE Monetary, UK Consumer, Jun Jul Aug, Sep Oct Nov, Dec Jan Feb

Q2Evaluate20 marks

Evaluate the effectiveness of using monetary policy to control inflation in the UK.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicMarket failure and government interventionRisk and the financial sector

Question paper p.22 Mark scheme p.15 Examiner report p.26 Open in the tool Practise the AD/AS diagram

Section C

Case study

Thousands of Uber drivers to receive employee benefits

Extracts: H: Thousands of Uber drivers to receive employee benefits · I: Business secretary denies plans to rip‐up workers’ rights

In the extracts: Uber, GMB, Business, Drivers, CIPD, Chartered Institute of Personnel, Business Secretary Ed, Thousands of Uber, UK Supreme Court, Financial Times

Q3Evaluate20 marks

Evaluate the case for a reduction in the regulations that protect UK employees.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicGlobal labour marketsGlobalisation

Question paper p.28 Mark scheme p.17 Examiner report p.31 Open in the tool

Question text is quoted from the question papers, © Pearson Edexcel, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Section A

UK market share figures (%) for car manufacturers in 2020

Section B

UK Consumer Price Index (CPI) inflation rate (%) June 2020 – May 2021

Section C

Thousands of Uber drivers to receive employee benefits

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