Component 2: Exploring Economic Behaviour · A520U20-1

Eduqas A-level Component 2, June 2024

All 10 written questions from Eduqas A-level Component 2 (June 2024), Component 2: Exploring Economic Behaviour. 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

Q1.15 marks

Using the data, explain why productivity might be lower in some parts of the UK than in others.

TopicInternational trade and exchange ratesGovernment intervention in marketsAggregate demand

Question paper p.8 Mark scheme p.4 Examiner report p.9 Open in the tool

Q1.25 marks

Using the data, explain why the UK government might want to reduce regional income inequality in the UK.

TopicPoverty and inequality

Question paper p.8 Mark scheme p.6 Examiner report p.9 Open in the tool

Q1.310 marks

How effective is the UK's 'plan for growth' (Figure 8) likely to be in dealing with the regional inequalities in the UK presented in the data?

Mark splitApplication 3Analysis 3Evaluation 4

TopicInternational trade and exchange ratesGovernment intervention in marketsAggregate demand

Question paper p.8 Mark scheme p.8 Examiner report p.10 Open in the tool

Q1.410 marks

Using the data, discuss the extent to which membership of the CPTPP might be beneficial for the UK economy.

Mark splitApplication 3Analysis 3Evaluation 4

TopicInternational trade and exchange ratesGovernment intervention in marketsAggregate demand

Question paper p.8 Mark scheme p.10 Examiner report p.10 Open in the tool

Q1.510 marks

Using the data, discuss whether the weak sterling exchange rate will be more likely to improve or worsen living standards in low-income areas of the UK.

Mark splitApplication 3Analysis 3Evaluation 4

TopicInternational trade and exchange ratesMeasuring economic performance

Question paper p.8 Mark scheme p.12 Examiner report p.10 Open in the tool

Q2.15 marks

Using the information provided on hairdressing and restaurants outline the characteristics of monopolistic competition.

TopicMarket structures

Question paper p.11 Mark scheme p.14 Examiner report p.10 Open in the tool

Q2.27 marks

Using Figure 2, calculate the marginal revenue (MR) and marginal cost (MC) for each of the output levels (haircuts/day) from 0 to 80. Record the answers in your pink answer booklet. Using your answers explain at what level of output Bob's Barbers will, in theory, maximise profits.

TopicCosts, revenues and profit

Question paper p.11 Mark scheme p.15 Examiner report p.11 Open in the tool

Q2.310 marks

Using a costs and revenue diagram, evaluate the effects on a restaurant's abnormal profits as a result of using Deliveroo to increase its sales.

TopicCosts, revenues and profit

Question paper p.11 Mark scheme p.17 Examiner report p.11 Open in the tool Draw it: monopolistic competition diagram

Q2.4Evaluate7 marks

Evaluate the view that a monopolistically competitive firm will always leave an industry if it fails to make at least normal profit.

TopicCosts, revenues and profitMarket structures

Question paper p.11 Mark scheme p.20 Examiner report p.11 Open in the tool

Q2.511 marks

With reference to the data, discuss the extent to which monopolistic competition leads to a reduction of economic welfare.

TopicMarket structures

Question paper p.11 Mark scheme p.22 Examiner report p.11 Open in the tool Practise the monopolistic competition diagram

Question text is quoted from the question papers, © WJEC CBAC Ltd (Eduqas), 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.

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