OCR A-level Paper 3, June 2025

1. AQ1
2. BQ2
3. CQ3
4. DQ4

TopicCosts, revenues and profitMarket structures

1. AC1 to C2
2. BC1 to C3
3. CC2 to C3
4. DW2 to W3

TopicThe economic problem and resource allocation

1. ABanks
2. BExports
3. CMicrofinance
4. DSaving

TopicGrowth and developmentAggregate demandInternational trade and exchange rates

1. AAn increase in exports to Japan
2. BAn increase in imports from Japan
3. CAn increase in the consumer surplus in the steel market
4. DAn increase in unemployment in UK exporting industries

TopicInternational trade and exchange ratesDemand, supply and elasticityMeasuring economic performance

1. AAn increase in inequality between country A and country B
2. BAn increase in inequality within country A and within country B
3. CAn increase in living standards in country B
4. DAn increase in the number of exports country A needs to sell in order to buy the same quantity of imports

TopicInternational trade and exchange ratesPoverty and inequalityMeasuring economic performance

1. ABeef and leather
2. BCarrots and potatoes
3. CiPhones and iPhone chargers
4. DBuildings and brick layers

1. A132 600 Kg
2. B135 200 Kg
3. C136 500 Kg
4. D292 500 Kg

TopicDemand, supply and elasticity

1. AC B A
2. BP A Q O – P C Q1 O
3. CP1 B C P – C A Q Q1
4. DP1 B Q1 O

TopicDemand, supply and elasticityCosts, revenues and profit

1. AIt operates under monopolistic competition in the short run
2. BIt operates under monopoly
3. CIt operates under oligopoly
4. DIt operates under perfect competition in the long run

TopicMarket structures

1. AC
2. BC+I
3. CC + I + G + (X – M)
4. DC + I + (X – M)

TopicMacroeconomic objectives and policyAggregate demand

1. AAustralia
2. BNigeria
3. CSri Lanka
4. DUK

TopicInternational trade and exchange rates

1. Afirm increases the price of the good from £5 to £6. Price Quantity Demanded £3 £4 £5 £6 £7 What is the marginal revenue as a result of this price change? A £1
2. B£2
3. C£4
4. D£42

TopicCosts, revenues and profitDemand, supply and elasticity

1. AInterest rates will remain high
2. BThe change in their income is temporary
3. CTheir jobs will remain secure
4. DThere will be deflation

TopicMacroeconomic objectives and policyMeasuring economic performanceAggregate demand

1. ACyclical
2. BFrictional
3. CReal wage
4. DStructural

TopicThe labour marketMeasuring economic performanceDemand, supply and elasticity

1. AW1
2. BW2
3. CW3
4. DW4

TopicThe labour marketMarket structures

1. AA fall in energy prices
2. BAn increase in corporation tax rates
3. CAn increase in emigration
4. DAn increase in spending on education and training

TopicMeasuring economic performanceMacroeconomic objectives and policyThe labour market

1. AAll workers and potential workers in the industry are members of the trade union
2. BThe firm does not have an available capital substitute for the workers in the trade union
3. CThe public are sympathetic to the cause of the trade union
4. DThe trade union charges workers a fee to be a member

TopicThe labour marketDemand, supply and elasticity

1. AA programme of quantitative easing
2. BDevaluing the currency
3. CIncreasing income tax rates
4. DInvesting in infrastructure

TopicMacroeconomic objectives and policyInternational trade and exchange ratesGovernment intervention in markets

1. AA fall in imports
2. BA fall in wage rates
3. CAn easing in inflationary pressure
4. DA shortage of labour

TopicMeasuring economic performanceThe labour marketAggregate supply

1. AHigh entry barriers Normal profit
2. BMany firms Supernormal profit
3. CNo entry barriers Normal profit
4. DSupernormal profit Low entry barriers

TopicCosts, revenues and profitMarket structures

1. Ateacher leaves their £40 000 per year job to start a business. In the first year the business makes £80 000 in revenue and incurs costs of £50 000. The teacher used a property that they owned as their business premises. The property was previously rented out for £12 000 per year. What was the economic profit for the first year of the business? A – £22 000
2. B£18 000
3. C£30 000
4. D£58 000

1. AA fall in demand for the good the labour produces
2. BAn increase in the productivity of workers
3. CAn increase in the wage rate in a related labour market
4. DA reduction in the entry barriers faced by workers to enter the market

TopicThe labour marketDemand, supply and elasticity

1. AIncreasing government current expenditure
2. BIncreasing spending on education and training
3. CLowering indirect tax rates
4. DLowering the rate of interest

TopicAggregate supplyGovernment intervention in markets

1. ABoom
2. BRecession
3. CRecovery
4. DSlowdown

TopicEconomic growth and the economic cycle

1. AA conflict of objectives when setting monetary policy
2. BA loss of revenue from the removal of tariffs
3. CAn increase in uncertainty leading to a fall in international trade
4. DAn increase in uncertainty leading to a fall in investment

TopicInternational trade and exchange ratesAggregate demandMacroeconomic objectives and policy

1. AThe firm is a price maker
2. BThe firm is productively inefficient
3. CThe firm may engage in non-price competition
4. DThe firms may make a supernormal profit

TopicMarket structuresCosts, revenues and profit

1. A– $678
2. B$90
3. C$222
4. D$332

TopicMeasuring economic performance

1. ACorporate social responsibility
2. BProfit maximisation
3. CSales revenue maximisation
4. DSales volume maximisation

TopicCosts, revenues and profitBusiness growth and objectives

1. AThey might decrease as banks are likely to try to attract more borrowers
2. BThey might decrease as households are likely to save less
3. CThey might increase as households are likely to hoard cash to maintain their liquidity
4. DThey might increase as the supply of loanable funds provided by banks are likely to fall

TopicMacroeconomic objectives and policyThe financial sectorCompetition policy and regulation

TopicPublic finances and the role of the state

TopicThe labour market

TopicGovernment intervention in markets

TopicInternational trade and exchange rates

TopicMarket structures