Past Papers
Multimedia
Forum
QuizHub
Tutorial
School

Economics 7136/1 June 2023

Economics 7136/1 June 2023

The paper focuses on microeconomic themes, analyzing markets, resource allocation, and policy interventions. Section A explores the electric vehicle market, addressing environmental challenges, subsidies, battery production, and recycling, alongside policies to reduce car-related emissions. In-work poverty is analyzed, highlighting wage dynamics, income inequality, labor market deficiencies, and governmental support. Section B evaluates market efficiency in monopolistic competition, labor market monopsony, and the impacts of trade unions. It also discusses the role of privatisation and contestability in promoting efficiency. The paper emphasizes critical analysis of policies, externalities, market failure, and the balance between private and public sector roles.

omer uner

Classification: Paper 1
Page count: 8
Viewed: 83
Last update: 8 months ago
Crash report
Create Quiz