Paper 3: The economic environment and business · 9EB0/03

Edexcel B A-level Paper 3, June 2024

All 8 written questions from Edexcel B A-level Paper 3 (June 2024), The economic environment and business. Case studies: In early 2022, Tesla upgraded its Shanghai factory in… and Furniture firm Moko raises 786.6m Kenyan shillings (KES) to…. 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

Case study

In early 2022, Tesla upgraded its Shanghai factory in China. This increased the factory’s

Extracts: B: Risk of Global Recession in 2023 · C: Starbucks invests $1bn in enhancing employee experience, training and pay · D: Super Mario and the return of supply‐side economics

In the extracts: Tesla, Starbucks, China, Italy, Starbucks’ Chief Financial, Risk of Global Recession, Prime Minister of Italy, Rachel Ruggeri, United States, Mario Draghi

Q1(a)Discuss8 marks

Using Extract A and an appropriate calculation, discuss the implications for Tesla of September’s production figures.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicThe economic cycleIntroduction to macroeconomic policyRisk and the financial sector

Question paper p.4 Mark scheme p.4 Open in the tool

Q1(b)Assess10 marks

Assess whether investment in the labour force is the best way for a firm to increase productivity.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicProductive efficiency

Question paper p.6 Mark scheme p.6 Open in the tool

Q1(c)Assess12 marks

Assess whether a firm should expand during a recession.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicThe economic cycle

Question paper p.8 Mark scheme p.8 Open in the tool

Q1(d)Evaluate20 marks

Using a suitable diagram, evaluate the importance of supply‐side policies in promoting economic growth.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicThe economic cycle

Question paper p.10 Mark scheme p.10 Open in the tool Draw it: AD/AS diagram

Section B

Case study

Furniture firm Moko raises 786.6m Kenyan shillings (KES) to expand

Extracts: E: Furniture firm Moko raises 786.6m Kenyan shillings (KES) to expand · F: Contribution of agriculture to the Kenyan economy · G: Kenyan shilling (KES) drops to a new historic low of 120 against the US Dollar · H: Africa’s Free Trade Area Has a Slow Take Off

In the extracts: African, Kenyan, Moko, KES, GDP, Direct Indirect Employment, Importance of Agriculture, President William Ruto, World Economic Forum, African Continental

Q2(a)Discuss8 marks

Discuss the use of venture capital as a source of finance for a firm such as Moko.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicLife in a global economyEnterprise, business and the economyIntroducing the market

Question paper p.16 Mark scheme p.13 Open in the tool

Q2(b)Assess10 marks

Assess the possible economic impact of specialisation in agriculture for a country such as Kenya.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicScarcity, choice and potential conflicts

Question paper p.18 Mark scheme p.15 Open in the tool

Q2(c)Assess12 marks

Assess how the depreciation of the shilling may affect Kenyan firms such as Moko.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicLife in a global economy

Question paper p.20 Mark scheme p.17 Open in the tool

Q2(d)Evaluate20 marks

Evaluate how membership of the AfCFTA might benefit African countries such as Kenya.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicLife in a global economyEnterprise, business and the economyIntroducing the market

Question paper p.22 Mark scheme p.19 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

In early 2022, Tesla upgraded its Shanghai factory in China. This increased the factory’s

Section B

Furniture firm Moko raises 786.6m Kenyan shillings (KES) to expand

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