Monopoly

Consider whether the chief cause of economic growth is a rise in population, and therefore in labour supply.

Feb/March 2016

Discuss how dependable the indicators used to measure the standard of living are, and also assess what policies a government might use to try to raise the standard of living in its country.

Feb/March 2016

Which source of economic growth would impose the smallest cost on both current and future generations of a country’s population?

Feb/March 2017

Which factor is most likely to make the greatest contribution to sustainable economic growth in a developed economy?

Feb/March 2020

Which factor is least likely to encourage sustainable economic growth in a developing economy?

Feb/March 2021

Some people say that rapid economic growth damages the environment. Which result would not damage the environment?

Feb/March 2022

Explain the circular flow of income in a closed economy and consider the extent to which the circular flow of income changes as an economy becomes an open economy.

Feb/March 2023

Which factor is most likely to make the greatest contribution to sustainable economic growth in a developed economy?

Feb/March 2023

Which source of economic growth would create the lowest cost for both the current and the future generations of a country’s population?

Feb/March 2023

Globalisation will contribute to economic growth in high-income economies, and this will automatically raise living standards. Evaluate this statement.

Feb/March 2024

Explain what benefits may result from encouraging investment in rural areas.

May/June 2006

Which cause of economic growth would place the smallest burden on both the present and the future generations of a country’s population?

May/June 2011

Which factor behind economic growth would impose the lowest cost on both the current and future generations of a country’s population?

May/June 2011

Which cause of economic growth would require the smallest cost for both current and future generations of a country’s population?

May/June 2011

Analyse what economic theory says could happen to the enlarged firm and its workers after such a takeover.

May/June 2012

It is frequently claimed that the current pace of economic growth will soon cause reserves of material resources, such as minerals and oil, to be used up. What does this argument overlook?

May/June 2014

The diagram presents the annual percentage change in the Inclusive Wealth Index (IWI) from 1990 to 2008 for four countries, together with their 2008 GDP per head. What conclusions can be drawn from the diagram?

May/June 2016

The Chinese proverb, ‘One generation plants a tree and the next generation enjoys its shade', is often used to show which economic concept?

May/June 2016

Imagine that you have been asked to prepare a report on the quality of life in your country. Discuss what would be important to include in your report and which economic indicators you would use in order to reach a conclusion.

May/June 2016

Many governments treat sustainable economic growth as a macroeconomic policy objective. What does the term sustainable economic growth mean?

May/June 2022

What would cause a country’s optimum population to become larger?

May/June 2024

Define economic sustainability and give one example, taken from the information, of a change that could be used to illustrate it.

May/June 2025

Which cost cannot be avoided when an economy experiences long-run economic growth?

Oct/Nov 2010

What is an inevitable cost of long-run economic growth?

Oct/Nov 2010

What has not gone hand in hand with global economic growth over the past twenty five years?

Oct/Nov 2016

Some people say that rapid economic growth damages the environment. Which result would not damage the environment?

Oct/Nov 2017

The diagram presents the age structure of the Polish population in 2015 and the projected structure in 2050. Since 2013, Poland’s retirement age has been 67 for men and 65 for women. What conclusion might be drawn from the diagram?

Oct/Nov 2017

Which description most accurately defines sustainable economic development?

Oct/Nov 2019

What is the most likely effect of a rise in the dependency ratio?

Oct/Nov 2019

‘The United Nations Development Programme says that economic growth and development will only reduce poverty, improve equality, create jobs and safeguard livelihoods if it is inclusive and sustainable.’ What would it imply if sustainable economic growth were achieved?

Oct/Nov 2019

The diagram compares the annual percentage variation in the Inclusive Wealth Index (IWI) for four economies from 1990 to 2008, together with their 2008 GDP per head. What can be concluded from the diagram?

Oct/Nov 2020

"Investment from multinational corporations (MNCs) in a developing country always brings about sustainable economic growth in that country." Discuss.

Oct/Nov 2020

An island economy has a modest manufacturing base, scarce mineral resources and a small area of agricultural land. Which development is most likely to lead to sustainable growth?

Oct/Nov 2021

Which government policy is most likely to promote quicker and more sustainable economic growth in a country?

Oct/Nov 2022

Which factor behind economic growth is most likely to make that growth sustainable?

Oct/Nov 2023

What has not gone along with global economic growth over the last 25 years?

Oct/Nov 2023

The diagram illustrates a firm’s cost and revenue curves. The firm switches its objective from revenue maximisation to sales maximisation. What effect will this have on the quantity produced?

Oct/Nov 2025

A business has extremely high fixed costs, yet its marginal costs of production are low. It continues to benefit from economies of scale, so the minimum efficient scale is not attained until the business is very large relative to total market demand. What type of market structure would the business operate in?

Oct/Nov 2025

The diagram presents the cost and revenue curves for a monopolist. At which output level is sales maximisation achieved?

Oct/Nov 2025

Can you give one example of forward vertical integration?

Oct/Nov 2025