0455 Economics November 2025 Question Paper 13

greater provision of information about available jobs

environmental damage

consumer goods capital goods O

prices allow income to be distributed equally

price quantity O D1 S1 S3 S2 D2 X

quantity demanded quantity supplied price 100 200 300 400 400 300 200 100

If the quantity supplied increases by 50% at each price, what will the equilibrium price and quantity be? quantity price 100

Which combination shows features of the mixed economic system? 8 public sector private sector price mechanism yes no no A no yes no B no yes yes C yes yes yes D

price ($) quantity

They are backed by gold.

They have a longer period of training than worker Y.

a growth in part-time employment

Economies of scale are present in the Japanese car industry.

output (cakes per day) labour (hours per day)

average cost (US$) average revenue (US$) output (units)

consumers prefer a variety of choice in products

paying dividends to shareholders

low and stable inflation providing subsidies to farmers raising productivity of workers in the public sector stability in the balance of payments What are the two macroeconomic aims for the government? 3 and 4

anticipated tax revenue

exchange rate interest rate money supply revaluation decrease decrease

a decrease in the rate of corporation tax

by an increase in the monetary value of goods produced

possible disadvantage possible advantage fall in labour disputes fall in government spending on unemployment benefits

incomes will fall in real terms

net migration death rate birth rate unchanged increasing decreasing

tertiary sector population growth literacy rates small high high

It guarantees a balance of trade in goods and services surplus.

consumers should experience lower prices

Pakistan’s demand for imports demand for Pakistan’s exports decrease decrease

increasing the value of the foreign exchange rate