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Question (a) - 30 minutes. Question (b) - 30 minutes
Question (a) - 20 minutes. Question (b) - 40 minutes
Question (a) - 40 minutes. Question (b) - 20 minutes
Question (a) - 25 minutes. Question (b) - 35 minutes
Firm, oligopoly, market share
Firm, market share
Oligopoly, market share
Product differentiation to create brand loyalty
The creation of entry barriers
The concentration ratio - how to measure market shares
Candidates not referring to negative aspects of oligopoly for consumers cannot reach the top mark band.
Candidates not referring to negative aspects of oligopoly for producers cannot reach the top mark band.
Candidates not referring to positive aspects of oligopoly for consumers cannot reach the top mark band.
Candidates not referring to positive aspects of oligopoly for the government cannot reach the top mark band.
An explanation of how free trade might lead to higher living standards
An explanation of comparative advantage with a clear reference to opportunity cost
A distinction between absolute and comparative advantage
An explanation of how free trade might lead to greater choice for consumers
Yes, if the definition of development is included too
No, at least three different measures must always be explained
Yes, but only if one of them is the Lorenz Curve
You should not only mention positive effects but also negative effects of a falling inflation rate
You should pick out the most likely effect - the effect on the balance of payments - and discuss the good and bad sides with this effect
You should think very hard about this question
Draw two diagrams where the aggregate supply curve have different shapes, and illustrate the effect on price level/output when there is an inward shift of the aggregate demand curve
Define aggregate demand and aggregate supply
Distinguish between short run aggregate-supply and long-run aggregate supply
No, you must focus on the key word "trading bloc" and show how a membership in one can affect the export performance
No, because the focus should be on what it means to be a member of a trading bloc
Yes, because in order to evaluate something's importance, the importance of other factors should be discussed to enable comparisons.