A-level ECONOMICS Paper 3 Economic Principles and Issues
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Section A Answer all questions in this section. Only one answer per question is allowed. For each question completely fill in the circle alongside the appropriate answer. CORRECT METHOD WRONG METH ... ODS If you want to change your answer you must cross out your original answer as shown. If you wish to return to an answer previously crossed out, ring the answer you now wish to select as shown. 0 1 The average university graduate can expect to earn more over their working life than the average school leaver. This is most likely to be explained by A discrimination in the labour markets for non-graduates. B the higher marginal revenue productivity of graduates. C the higher price elasticity of demand for graduates. D the relatively low elasticity of supply of non-graduates. [1 mark] 0 2 Which one of the following statements regarding supply-side policies is correct? Supply-side policies A can have microeconomic as well as macroeconomic effects on the economy. B can increase the potential output of an economy but not its trend rate of growth. C cannot be used to correct market failures and improve the operation of markets. D do not affect competitiveness or the current account of the [Show More]
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