gcse economics - the basics - past exam questions
This page highlights recent exam questions that have been asked about topics covered in our group of revision notes on "the basics"
FOUNDATION LEVEL
1 Question:
Water can be used for a number of things such as car washing,
schools, gardens, drinking, baths and toilets’
• How does this comment above illustrate the basic economic problem? (3)
• Name one industry which might have benefited from the long hot summer
and explain why (3)
• Explain how a long hot summer such as in 1995 would affect:
1) supply of water
2) demand for water (6)
2 Question: (note this was also asked on a higher tier exam paper)
• Name the 4 factors of production (4)
• Describe briefly how you think they are likely to be used in the production
of Jelly bean sweets (4) A sweet manufacturer plans a major change in its
methods of production with the introduction of greater automation (machinery)
than before. Discuss the possible costs and benefits of this increased
automation. (9)
HIGHER LEVEL
3 Question
• Explain the difference between a service industry and a manufacturing industry, giving examples to illustrate your answer. (4)
• Is a large manufacturing sector essential for a successful economy? Give economic reasons for your answer. (10)
4 Question
• Explain why even Richard Branson (rich business person) is likely to face the basic economic problem. Give economic reasons for your answer. (4)
5 Question
•
Miss X made her fortune by operating a highly successful scottish factory
which produces tins of salmon. The business makes considerable use of specialist
labour and machines. Explain the advantages and disadvantages of this type
of specialisation for:
1) the firm (4)
2) the worker (4)
6 Question
• Distinguish clearly between production and productivity (2)
These GCSE Economics revision notes have been kindly provided by Peter Davies of Mill Hill School, Ripley Keep Up-todate with your GCSE Economics - Subscribe Free to Economics in the News by Email
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