Component 1: Introduction to Economic Principles · B520U10-1

Eduqas AS Component 1, June 2025

All 11 written questions from Eduqas AS Component 1 (June 2025), Component 1: Introduction to Economic Principles. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme

Q1(a)2 marks

State what is meant by a production possibility frontier.

TopicThe economic problem and resource allocation

Question paper p.2 Mark scheme p.6 Open in the tool

Q1(b)4 marks

Using calculations in your answer, outline why the PPF is curved.

TopicThe economic problem and resource allocation

Question paper p.3 Mark scheme p.6 Open in the tool

Q24 marks

Using a labour market diagram, outline the likely impact of these changes on the wages of HGV drivers in the UK.

TopicThe labour market

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

Q37 marks

Using the data, discuss whether countries such as South Africa should follow the UK's example of state provision of healthcare that is free for all patients when needed.

Mark splitApplication 2Analysis 2Evaluation 3

TopicGovernment intervention in markets

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

Q4(a)3 marks

Describe how the price of transporting goods changes between 2019 and 2023.

Mark splitApplication 3

TopicMeasuring economic performanceInternational trade and exchange rates

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

Q4(b)Explain4 marks

Explain how the price changes of shipping during 2021 could have affected the ability of both households and firms to achieve their objectives.

Mark splitKnowledge 2Analysis 2

TopicMeasuring economic performanceInternational trade and exchange rates

Question paper p.7 Mark scheme p.10 Open in the tool

Q4(c)6 marks

Using Figures 1 and 2, consider the impact that the changes in the Shanghai price index could have on the inflation rate in the UK.

Mark splitApplication 2Analysis 2Evaluation 2

TopicMeasuring economic performance

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

Q5(a)4 marks

With reference to Figure 3, outline two reasons why the UK Government wishes to achieve increased productivity.

Mark splitKnowledge 2Application 2

TopicThe labour market

Question paper p.10 Mark scheme p.13 Open in the tool

Q5(b)9 marks

To what extent will the budget initiatives help the UK close the productivity gap shown in Figure 3?

Mark splitApplication 3Analysis 3Evaluation 3

TopicMacroeconomic objectives and policy

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

Q6(a)7 marks

(i) State the meaning of a tariff. (ii) Assuming firms pass on the full tariff, calculate the new quantity demanded of Australian wine in China. (iii) Calculate the tax revenue raised for the Chinese government.

TopicInternational trade and exchange ratesMacroeconomic objectives and policyDemand, supply and elasticity

Question paper p.12 Mark scheme p.16 Open in the tool

Q6(b)10 marks

(i) State the meaning of a quota. (ii) The UK government stated that British producers have nothing to fear from the free trade deal with Australia. Using Figure 4, to what extent do you agree with this statement?

Mark splitKnowledge 1Application 3Analysis 3Evaluation 3

TopicInternational trade and exchange rates

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

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.

Other years of Eduqas AS Component 1

Topics on this paper