OCR A-level Paper 1, June 2023

Refer to Fig. 2. (i) Describe the relationship between Chief Executive remuneration and stock market performance between 2010 and 2019.

Explain why this relationship may exist.

A marginal income tax rate is one example of the marginal principle used by economists. Explain what is meant by the economic concept of 'the margin'.

Explain, using an appropriate diagram, the size of economic rent relative to transfer earnings for essential workers such as cleaners. Lines 23–25.

A number of policies have been suggested to affect Chief Executive remuneration including 'Allowing greater use of 'say on pay' which allows a firm's shareholders to vote on Chief Executive remuneration,' Lines 16–17. Evaluate, using evidence from the stimulus material, the extent to which greater use of 'say on pay' alone may help reduce the remuneration gap between Chief Executive and employee in the US.

Evaluate, using evidence from the stimulus material, whether weaker trade unions is the main reason for increased wage differentials in the USA.

Evaluate, using an appropriate diagram(s), whether collusion and monopoly would always disadvantage consumers.

Evaluate, using an appropriate diagram(s), the most effective method of government intervention to reduce the negative externalities from smoking in England.

Evaluate the case for government provision of goods and services such as the Ipswich flood defence scheme.

Evaluate the importance of economies of scale to a large retailer when deciding whether to increase the size of its firm.