
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

GCE JUN 2006 : (AS 2) The Market Mechanism, Market Failure and Government Response

4 pages, 9 questions, 0 questions with responses, 0 total responses,

	gce	+Fave Message
	Profile Timeline Uploads Q & A

Home > gce >

Instantly get Model Answers to questions on this ResPaper. Try now!
NEW ResPaper Exclusive!

Formatting page ...

ADVANCED SUBSIDIARY (AS) General Certificate of Education 2006 Economics assessing Module 1: The Market Mechanism, Market Failure and Government Response ASE21 Assessment Unit AS 2 (Essay) [ASE21] FRIDAY 9 JUNE, AFTERNOON TIME 45 minutes. INSTRUCTIONS TO CANDIDATES Write your Centre Number and Candidate Number on the Answer Booklet provided. Answer one question only. INFORMATION FOR CANDIDATES The total mark for this paper is 40. Quality of written communication will be assessed in all parts of the question. Figures in brackets printed down the right-hand side of pages indicate the marks awarded to each question or part question. ADVICE TO CANDIDATES You are advised to take account of the marks for each part question in allocating the available examination time. ASE2S6 1996 BLANK PAGE ASE2S6 1996 2 Answer one question only. 1 (a) Explain what is meant by the basic economic problem. (b) Analyse how a free market would address the basic economic problem. [8] [16] (c) Evaluate the view that free markets generate the best responses to the basic economic problem. [16] 2 (a) Explain what is meant by a de-merit good. [8] (b) Explain some of the ways in which governments can attempt to reduce the production and consumption of de-merit goods. [16] (c) Evaluate the desirability of legalizing de-merit goods such as drugs. 3 (a) Explain what is meant by the price elasticity of demand. [16] [8] (b) Explain how an awareness of relevant elasticities might be of benefit to a supermarket chain. [16] (c) Evaluate the view that estimates of elasticities are too unreliable to be the basis of economic decision making. ASE2S6 1996 3 [16] SP (SLM) T17026/1

Formatting page ...

Additional Info : ce Economics June 2006 Assessment Unit AS 2Module 1: The Market Mechanism, Market Failure and Government Response
Tags : General Certificate of Education, A Level and AS Level, uk, council for the curriculum examinations and assessment, gce exam papers, gce a level and as level exam papers , gce past questions and answer, gce past question papers, ccea gce past papers, gce ccea past papers

gce chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: