omer uner
Classification: Edexcel Paper 1
Page count: 28
Viewed: 69
Last update: 4 months ago
Crash report
Economics (A) 8EC0/01 May June 2022
1. Public Goods and Government Provision – Explanation of why flood defences are provided by the public sector due to their non-excludable and non-rivalrous nature.
2. Minimum Price and Market Distortions – Analysis of how the EU′s intervention in wheat prices affects market equilibrium and creates excess supply.
3. Cryptocurrency and Functions of Money – Evaluation of how Bitcoin fulfills economic functions beyond being a medium of exchange.
4. Market Failure and Externalities – Discussion on how overfishing leads to negative externalities, requiring government intervention.
5. Supply Constraints in the Short Run – Assessment of why flour producers struggle to increase output in response to sudden demand surges.
6. Price Elasticity of Supply and Market Response – Calculation of supply responsiveness to price changes in the ice cream market.
2. Minimum Price and Market Distortions – Analysis of how the EU′s intervention in wheat prices affects market equilibrium and creates excess supply.
3. Cryptocurrency and Functions of Money – Evaluation of how Bitcoin fulfills economic functions beyond being a medium of exchange.
4. Market Failure and Externalities – Discussion on how overfishing leads to negative externalities, requiring government intervention.
5. Supply Constraints in the Short Run – Assessment of why flour producers struggle to increase output in response to sudden demand surges.
6. Price Elasticity of Supply and Market Response – Calculation of supply responsiveness to price changes in the ice cream market.