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Economics B · Edexcel 9EB0 · Paper 3: The economic environment and business · October 2020

Edexcel A Level Economics B Paper 3: The economic environment and business October 2020 question paper 9EB0/03

2h 100 marks

Practise the past exam questions by topic

Edexcel 9EB0 · Paper 3

2 questions
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Question 1

(a)

Discuss the extent to which the UK housing market can be described as a market bubble.

(8)

(b)

Assess the effectiveness of supply-side policies to ease skills shortages in the labour market.

(10)

(c)

Using Extract C, assess the extent of the trade-off between unemployment and inflation.

(12)

(d)

Evaluate the role of the central bank in reducing economic risk and uncertainty.

(20)

Question 2

Walkers buys 350,000 tons of potatoes each year.

(a)

Discuss the benefits to Walkers of using forward markets to buy potatoes.

(8)

(b)

In 2017 the potato price index rose by 36%.

Using an appropriate diagram, assess the possible impact of this on the potato market in 2018.

(10)

(c)

Assess the extent to which rising input costs are a problem for food and drink firms.

(12)

(d)

Evaluate the implications of exchange rate volatility for firms.

(20)

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