General Certificate of Education Advanced Subsidiary Examination June 2012
Unit 1 Markets and Market Failure 1.30 pm to 2.45 pm Friday 18 May 2012
For this paper you must have: an objective test answer sheet a black ball-point pen an AQA 8-page answer book. You may use a calculator.
Time allowed 1 hour 15 minutes Section A (ECON1/1) Answer all questions on your objective test answer sheet. Use a black ball-point pen. Do not use pencil. Do all rough work in this question paper, not on your objective test answer sheet. Section B (ECON1/2) Answer EITHER Context 1 OR Context 2. Use black ink or black ball-point pen. Pencil should only be used for drawing. Write the information required on the front of your answer book. The Examining Body for this paper is AQA. The Paper Reference is ECON1/2.
Information The maximum mark for this paper is 75. There are 25 marks for Section A. Each question carries one mark. No deductions will be made for wrong answers. There are 50 marks for Section B. The marks for questions are shown in brackets. You will be marked on your ability to: – use good English – organise information clearly – use specialist vocabulary where appropriate.
Advice You are advised to spend no more than 25 minutes on Section A and at least 50 minutes on Section B.
2 Section A: Objective Test Answer all questions in Section A. Each question carries 1 mark. No deductions will be made for wrong answers. You are advised to spend no more than 25 minutes on Section A. For each question there are four alternative responses, A, B, C and D. When you have selected the response which you think is the best answer to a question, mark this response on your objective test answer sheet. If you wish to change your answer to a question, follow the instructions on your objective test answer sheet.
The central purpose of economic activity is A B C D to create...