Microeconomics ocr Study guides, Class notes & Summaries

OCR 2023 ECONOMICS H060/01: MICROECONOMICS AS LEVEL QUESTION PAPER & MARK SCHEME (MERGED)

OCR 2023 Economics H460/01: Microeconomics A Level Question Paper & Mark Scheme (Merged)

This is the final mark scheme

Microeconomics OCR A Level Test Questions With All Correct Answers Economic goods - ANSWER Goods which benefit society, have the problem of scarcity and have an opportunity cost. Since economic goods are scarce, they have some value, so consumers will pay for them, and they can be traded. Factors which may enable/make easier collusion/cartels - ANSWER There are only a small number of firms in the industry and there are significant barriers to prevent new firms enterin...

This is the official question paper

OCR 2023 ECONOMICS H060/01: MICROECONOMICS AS LEVEL QUESTION PAPER & MARK SCHEME (MERGED)

OCR 2023 ECONOMICS H460/01: MICROECONOMICS A LEVEL QUESTION PAPER & MARK SCHEME (MERGED)

OCR 2023 ECONOMICS H460/01: MICROECONOMICS A LEVEL QUESTION PAPER & MARK SCHEME (MERGED)

OCR 2023 ECONOMICS H060/01: MICROECONOMICS AS LEVEL QUESTION PAPER & MARK SCHEME (MERGED) Please Review and leave your Rating stars…. Please write clearly in black ink. Do not write in the barcodes. Centre number Candidate number First name(s) Last name Oxford Cambridge and RSA Monday 15 May 2023 – Morning As Level Economics H060/01 Microeconomics Time allowed: 1 hour 30 minutes INSTRUCTIONS 3. Use black ink. You can use an HB pencil, but only for graphs and diagrams. 4. ...

Consumers Correct Answer A person or organisation that uses a good or service Producers Correct Answer A person, Company or country that makes, grows or supplies a good or service. factors of production Correct Answer capital enterprise land labour Economics resource Correct Answer Resources used to produce goods and services Needs Correct Answer Something that you need to survive in today's world Wants Correct Answer Anything that you want that isn't a need The basic economi...