9708 Economics November 2025 Question Paper 33

1 1 mark multiple_choice 8.2

to achieve an equal distribution of income

A
A
B
B
C
C
D
D

2 1 mark multiple_choice 7.6

limit pricing

A
A
B
B
C
C
D
D

3 1 mark multiple_choice 8.1

a minimum price

A
A
B
B
C
C
D
D

4 1 mark multiple_choice 7.5

costs quantity

A
A
B
B
C
C
D
D

5 1 mark multiple_choice 7.6

MR2 D2 D1 MR1 MC = ATC J K H L M N G F O Q price quantity What has happened to the firm’s total revenue and the deadweight welfare loss? deadweight welfare loss total revenue decreases by KLN decreases to OGLQ

A
A
B
B
C
C
D
D

6 1 mark multiple_choice 7.6

$8.00

A
A
B
B
C
C
D
D

7 1 mark multiple_choice 7.5

O costs W X Y Z LRTC output At which output is the long-run average total cost at its minimum? OZ

A
A
B
B
C
C
D
D

8 1 mark multiple_choice 7.6

where average revenue equals average cost

A
A
B
B
C
C
D
D

9 1 mark multiple_choice 8.3

effect on wage rate shift of supply curve for labour shift of demand curve for labour increase inward none

A
A
B
B
C
C
D
D

10 1 mark multiple_choice 8.1

minimum price

A
A
B
B
C
C
D
D

11 1 mark multiple_choice 8.1

The long-run supply of rental houses will contract.

A
A
B
B
C
C
D
D

12 1 mark multiple_choice 8.1

government spending on law enforcement price elasticity of demand for cigarettes high > 1

A
A
B
B
C
C
D
D

13 1 mark multiple_choice 9.2

boom

A
A
B
B
C
C
D
D

14 1 mark multiple_choice 9.4

O rate of interest LP1 LP2 LP MS2 MS1 MS3

A
A
B
B
C
C
D
D

15 1 mark multiple_choice 9.1

an increase in government expenditure on goods and services

A
A
B
B
C
C
D
D

16 1 mark multiple_choice

a change in the slope of the curve

A
A
B
B
C
C
D
D

17 1 mark multiple_choice

X

A
A
B
B
C
C
D
D

18 1 mark multiple_choice 10.3

unemployment benefits direct taxes decrease decrease

A
A
B
B
C
C
D
D

19 1 mark multiple_choice

What would cause the short-run Phillips curve to shift to the right? 19 A B C the unemployment rate is above the natural rate of unemployment, decreasing inflationary expectations the unemployment rate is above the natural rate of unemployment, increasing inflationary expectations the unemployment rate is below the natural rate of unemployment, decreasing inflationary expectations the unemployment rate is below the natural rate of unemployment, increasing inflationary expectations D

A
A
B
B
C
C
D
D

20 1 mark multiple_choice 11.2

exchange rate policy

A
A
B
B
C
C
D
D

21 1 mark multiple_choice 11.2

aim 2 aim 1 higher foreign exchange rate

A
A
B
B
C
C
D
D

22 1 mark multiple_choice 10.3

responsiveness of aggregate demand to interest rate changes exchange rate low fixed

A
A
B
B
C
C
D
D

23 1 mark multiple_choice 8.2

a more equitable income distribution

A
A
B
B
C
C
D
D

24 1 mark multiple_choice 11.6

common external tariffs with non-member nations

A
A
B
B
C
C
D
D

25 1 mark multiple_choice 11.2

appreciation

A
A
B
B
C
C
D
D

26 1 mark multiple_choice 9.2

general price level population GDP falls falls rises

A
A
B
B
C
C
D
D

27 1 mark multiple_choice 11.5

purpose of the aid type of aid purchase of agricultural machinery grant

A
A
B
B
C
C
D
D

28 1 mark multiple_choice 11.4

child mortality rate

A
A
B
B
C
C
D
D

29 1 mark multiple_choice 8.2

Gini coefficient O

A
A
B
B
C
C
D
D

30 1 mark multiple_choice 8.2

Gini coefficient year 0.29 0.28 0.27 2018 2019 2020 What is most likely to explain the change in the value of the Gini coefficient between 2018 and 2020? an increase in indirect taxes

A
A
B
B
C
C
D
D

9708 Economics November 2025 Question Paper 33

Sign in

Log in or create account