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CAIE/CIE 2023 May/June A-level
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Price System, Microeconomy: Consumer Theory
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Topic Questions (MCQ – EASY): Utility
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Topic Questions (MCQ – HARD): Utility
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Topic Questions (MCQ – EASY): Indifference curves and budget lines
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Topic Questions (MCQ – HARD): Indifference curves and budget lines
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Price System, Microeconomy: Efficiency and market failure, Private costs and benefits, externalities and social costs and benefits
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Topic Questions (MCQ – EASY): Efficiency
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Topic Questions (MCQ – HARD): Efficiency
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Topic Questions (MCQ – EASY): Market failure
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Topic Questions (MCQ – HARD): Market Failure
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Topic Questions (MCQ – EASY): Private costs and benefits, externalities and social costs and benefits
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Topic Questions (MCQ – HARD): Private costs and benefits, externalities and social costs and benefits
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Price System, Microeconomy: Types of cost, revenue and profit, short-run and long-run production
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Topic Questions (MCQ – EASY): Production, Costs, (Dis)Economies of Scale
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Topic Questions (MCQ – HARD): Production, Costs, (Dis)Economies of Scale
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Topic Questions (MCQ – EASY): Revenue, Profit
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Topic Questions (MCQ – HARD): Revenue, Profit
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Price System, Microeconomy: Different market structures
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Topic Questions (MCQ – EASY): Market Structure
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Topic Questions (MCQ – HARD): Market Structure
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Price System, Microeconomy: Growth and survival of firms; Differing objectives and policies of firms
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Topic Questions (MCQ – EASY): Growth (Size), Objectives of Firms
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Topic Questions (MCQ – HARD): Growth (Size), Objectives of Firms
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Government MICROeconomic intervention
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Topic Questions (MCQ – EASY): Government policies to correct market failure
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Topic Questions (MCQ – HARD): Government policies to correct market failure
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Topic Questions (MCQ – EASY): Government policies to promote equity
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Topic Questions (MCQ – HARD): Government policies to promote equity
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Labour market forces and government intervention
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Topic Questions (MCQ – EASY): Labour market forces, MRP theory
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Topic Questions (MCQ – HARD): Labour market forces, MRP theory
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Macroeconomy: circular flow of income
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Topic Questions (MCQ – EASY): Circular Flow of Income, Multiplier
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Topic Questions (MCQ – HARD): Circular Flow of Income, Multiplier
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Macroeconomy: Economic growth and sustainability, Employment, Money and banking
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Topic Questions (MCQ – EASY): Economic growth and sustainability
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Topic Questions (MCQ – HARD): Economic growth and sustainability
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Topic Questions (MCQ – EASY): Unemployment
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Topic Questions (MCQ – HARD): Unemployment
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Topic Questions (MCQ – EASY): Money Market
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Topic Questions (MCQ – HARD): Money Market
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Government MACROeconomic intervention
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Topic Questions (MCQ – EASY): A2 Macro Intervention
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Topic Questions (MCQ – HARD): A2 Macro Intervention
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International economic issues
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Topic Questions (MCQ – EASY): A2 Balance of Payments, Policies
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Topic Questions (MCQ – HARD): A2 Balance of Payments, Policies
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Topic Questions (MCQ – EASY): A2 Exchange Rate
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Topic Questions (MCQ – HARD): A2 Exchange Rate
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Topic Questions (MCQ – EASY): Economic Development, Indicators of Living Standards
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Topic Questions (MCQ – HARD): Economic Development, Indicators of Living Standards
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Topic Questions (MCQ – EASY): Developing and Developed Countries
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Topic Questions (MCQ – HARD): Developing and Developed Countries
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Topic Questions (MCQ – EASY): Globalisation, Trading Blocs
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Topic Questions (MCQ – HARD): Globalisation, Trading Blocs
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CAIE A2 Economics – Topic Questions
Overview
Comments
Content
Check the study notes for Globalisation, Trading Blocs
What distinguishes a customs union from a free trade area?
Only the customs union implements a common external tariff with non-member countries.
Only the customs union mandates fixed exchange rates among member countries.
Only the free trade area focuses on the elimination of tariffs within member countries.
Only the free trade area requires the free movement of labor and capital among member countries.
What is a distinguishing feature of an economic union compared to a customs union?
Implementation of a common external tariff on trade with non-member countries.
Elimination of quotas on trade between member countries.
Elimination of tariffs on trade between member countries.
Freedom of movement for labor and capital between member countries.
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