9708_s20_qp_11
A paper of Economics, 9708
Questions:
30
Year:
2020
Paper:
1
Variant:
1
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6
In the diagram, D is the demand curve for Indian tea exports and S1 is the supply curve when there is a tax on tea exports. O quantity price D x y w z S1 S2 The Indian government removes the tax, which causes the supply curve to shift to S2. Which areas in the diagram measure the resulting loss in tax revenue to the Indian government and the resulting gain in consumer surplus?
4. The Macroeconomy (AS Level)  →  4.3. Aggregate Demand and Aggregate Supply analysis
2. The price system and the microeconomy (AS Level)  →  2.1. Demand and supply curves
Open
16
What would supporters of a nationalised public transport service expect to be the most likely outcome from the privatisation of train and bus services?
3. Government microeconomic intervention (AS Level)  →  3.1. Reasons for government intervention in markets
1. Basic economic ideas and resource allocation (AS Level)  →  1.6. Classification of goods and services
7. The price system and the microeconomy (A Level)  →  7.4. Private costs and benefits, externalities and social costs and benefits
Open
22
Country W conducts 50% of its trade with country X, 30% of its trade with country Y and 20% of its trade with country Z. The initial value of the trade-weighted exchange rate of country W is 100. Country W’s currency appreciates 10% against the currency of country X, depreciates 10% against the currency of country Y and is unchanged against the currency of country Z. What will be the new trade-weighted exchange rate?
11. International economic issues (A Level)  →  11.2. Exchange rates
6. International economic issues (AS Level)  →  6.4. Exchange rates
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