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Learn Extracted exam questions A-Level Economics 9708 Economics November 2025 Question Paper 31

9708 Economics November 2025 Question Paper 31

Source PDF on the left, extracted YAML on the right. Compare numbering, marks, options and text.

1 1 mark multiple_choice 7.8

a manager of a business makes decisions on behalf of the owner

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
2 1 mark multiple_choice 7.7

O costs output LRAC X Y Why might the newly merged firm be able to produce at point Y? The new airline can negotiate discounts when buying fuel.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
3 1 mark multiple_choice 7.6

cost, revenue quantity O AR AC MC MR Q1 Q2 What will be the result? total revenue total profit increased increased

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
4 1 mark multiple_choice 7.1

an increase in the marginal utility of good Y

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
5 1 mark multiple_choice 7.6

offering bulk-buy discounts to customers who join a loyalty scheme

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
6 1 mark multiple_choice 7.4

MSC S = MPC D = MPB = MSB O P1 P2 Q2 Q1 price quantity V W X Y Identify the correct combination of the result of the market failure and the area on the diagram that shows deadweight welfare loss. area showing deadweight welfare loss result of market failure VWX overproduction

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
7 1 mark multiple_choice 7.8

O cost, revenue $ W X Y Z MR MC AC AR quantity The firm changes its objective from revenue maximisation to sales maximisation. What will be the effect on quantity produced? it will decrease from Y to W

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
8 1 mark multiple_choice 7.6

O price quantity

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
9 1 mark multiple_choice 8.1

guaranteed minimum prices for farmers producing certain agricultural products

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
10 1 mark multiple_choice 8.3

legal minimum wage

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
11 1 mark multiple_choice 8.1

insisting that all fish caught are sold to local people

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
12 1 mark multiple_choice 8.3

O MCL MRPL = DL NMW SL Q1 Q2 Q3 W3 W2 W1 labour employed wage rate T U R V S What is the effect of the NMW on the deadweight welfare loss in this market? It falls from RST to UVT.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
13 1 mark multiple_choice 8.1

firms cannot sell any surplus permits

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
14 1 mark multiple_choice 9.4

It suggests changes in liquidity preference lead to proportional changes in the price level.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
15 1 mark multiple_choice 9.4

a liquidity trap below which interest rates are ineffective

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
16 1 mark multiple_choice 10.3

adopting a supply-side policy to retrain unskilled workers

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
17 1 mark multiple_choice

O

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
18 1 mark multiple_choice 8.3

increase in the supply of unskilled labour

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
19 1 mark multiple_choice 10.2

the price level the level of unemployment decreases decreases

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
20 1 mark multiple_choice 9.1

The multiplier has a small value.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
21 1 mark multiple_choice 9.4

an increase in interest rates on loans for house purchases

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
22 1 mark multiple_choice 9.1

a high marginal propensity to save

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
23 1 mark multiple_choice 10.2

O price level national income AD1 AS1 AS0 AS2 AD0 AD2 E

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
24 1 mark multiple_choice 11.3

the Gini coefficient initially falls as countries develop from low to high income levels

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
25 1 mark multiple_choice 11.1

The current account consists of transactions in goods, services, investment income and remittances between countries.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
26 1 mark multiple_choice 8.1

A firm that avoids paying indirect taxes.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
27 1 mark multiple_choice 11.2

Countries have the same currency.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
28 1 mark multiple_choice 11.2

to ensure that exchange rate systems are working efficiently

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
29 1 mark multiple_choice 11.1

financial account current account improves improves

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
30 1 mark multiple_choice 11.2

Exchange rates will be less volatile which encourages international investment.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D

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