OCR · Microeconomics · The economic problem and resource allocation
OCR Economics past paper questions: The economic problem and resource allocation
Every OCR question on The economic problem and resource allocation from 2021 to 2025: 7 essays, 1 data response question, 3 short answer questions and 26 multiple choice questions. It covers Government intervention in markets, Demand, supply and elasticity, Measuring economic performance, International trade and exchange rates and Costs, revenues and profit. Each question links to its paper, mark scheme and examiner report.
Essay questions on the economic problem and resource allocation
Data response questions on the economic problem and resource allocation
Case study: Changing consumer trends in the UK?
Short answer questions on the economic problem and resource allocation
Multiple choice questions
- A-level Paper 3, June 2025, Q2
In the diagram what represents the opportunity cost of increasing production of wheat from W1 to W2? Corn C1 C2 C3 O W1 W2 W3 Wheat
- AS Paper 1, June 2025, Q2
The table shows the production possibility curve for a country that produces capital and consumer goods. Capital goods Consumer goods (million units) (million units) 0 10 20 30 40 What is the opportunity cost of moving from 20 million…
- AS Paper 1, June 2025, Q4
Which of these would cause a shift outwards of the production possibility curve?
- AS Paper 1, June 2025, Q15
Opportunity cost is useful as it shows the value of:
- A-level Paper 3, June 2024, Q3
Which of these is a function of money?
- AS Paper 1, June 2024, Q2
The diagram shows the production possibility curve for a country that produces computers and cars. Quantity of computers produced 3000 Y 2000 X 1500 0 600 800 1000 Quantity of cars produced The economy is currently producing at point X…
- AS Paper 1, June 2024, Q3
Which of these is an example of a normative statement?
- AS Paper 1, June 2024, Q6
Which of these is not an economic agent?
- AS Paper 1, June 2024, Q8
Which is not a reward for a factor of production?
- AS Paper 1, June 2024, Q9
The best description of a free good is
- AS Paper 1, June 2024, Q11
Which of these is not a type of economic system?
- AS Paper 1, June 2024, Q14
What is the most likely result of the introduction of division of labour?
- AS Paper 1, June 2024, Q15
Which would occur in a barter economy?
- A-level Paper 3, June 2023, Q10
- A-level Paper 3, June 2023, Q17
Output in an economy moves from point X to point Y in the diagram. What does this represent? Capital goods Y X PPC 0 Consumer goods
- AS Paper 1, June 2023, Q1
Which of these contains all the four factors of production?
- AS Paper 1, June 2023, Q3
Which of these is an example of a normative statement?
- AS Paper 1, June 2023, Q4
Opportunity cost is defined as the value of:
- A-level Paper 3, June 2022, Q12
What does the shift of the PPC from PPC1 to PPC2 in the diagram below show? Good B PPC2 PPC1 0 Good A
- A-level Paper 3, June 2022, Q20
Money fulfils a number of important functions, including acting as a medium of exchange. What characteristic would prevent money from fulfilling this function?
- AS Paper 1, June 2022, Q1
Which factor of production receives the reward of interest?
- AS Paper 1, June 2022, Q11
Which of the following is a definition of ceteris paribus?
- AS Paper 1, June 2022, Q12
Which of these is a free good?
- AS Paper 1, June 2022, Q15
Which of the following is a positive statement?
- A-level Paper 3, October 2021, Q1
What is a characteristic of positive economic statements?
- A-level Paper 3, October 2021, Q26
What is the problem caused by scarcity?
Question text is quoted from the question papers, © OCR (Oxford Cambridge and RSA), 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.