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Solved IGCSE Economics 1st & 2nd Paper | IGCSE Economics 0455 | IGCSE Economics Discuss

CIE EDEXCEL AQA LCCI IB learning
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7.1K views 2 years ago #IGCSE #economics #0455
Solved IGCSE Economics 1st & 2nd Paper | IGCSE Economics 0455 | IGCSE Economics Discuss #igcse_economics #solved_IGCSE_economics #economics #IGCSE #economics_0455 #economics_discuss 𝐈 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐝 𝐀⭐️ 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐬𝐲𝐥𝐥𝐚𝐛𝐮𝐬. question/topic covered Question 1. (a) Calculate, in $, Air India’s loss in 2018. [1] (b) Identify two substitutes for air travel. [2] (c) Explain one characteristic that suggests that Air India was a monopoly in 1994. [2] (d) Explain two reasons why a government may privatise an industry. [4] (e) Analyse how India’s position on the current account of its balance of payments in 2017 compares with the other four countries. [4] (f) Analyse how a successful airline industry can promote economic growth. [5] (g) Discuss whether the Indian government should increase the tax on airline fuel. [6] (h) Discuss whether more people will apply to be pilots for Indian airlines in the future. 2 A number of co …...more
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Question One

0:07

Question Three

2:20

Question Four

3:07

Question 9

6:21

Question 10

7:15

Question 11

8:13

Question 13

10:26

Question 14

11:04

Marginal Cost

11:25

Mc Question 15

11:57

Question 16

12:26

Question 18

13:38

Indirect Taxes

14:34

Question 20

15:49

Question 21

16:36

Question 23

17:21

Question 26

18:51

Question 27

19:21

Question 29

20:37

Part B

24:17

Part E

25:03

Market Failure

28:42

Question 2d

33:02

Advantages to the Economy of Ending the Child Labor

34:41

Economies of Skills and the Economies of Scale

35:32

Economics of Scale

35:42

Question 4c

38:44

Question 4d

39:16
Solved IGCSE Economics 1st & 2nd Paper | IGCSE Economics 0455 | IGCSE Economics Discuss
35Likes
7,139Views
2022Apr 21
Solved IGCSE Economics 1st & 2nd Paper | IGCSE Economics 0455 | IGCSE Economics Discuss #igcse_economics #solved_IGCSE_economics #economics #IGCSE #economics_0455 #economics_discuss 𝐈 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐝 𝐀⭐️ 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐬𝐲𝐥𝐥𝐚𝐛𝐮𝐬. question/topic covered Question 1. (a) Calculate, in $, Air India’s loss in 2018. [1] (b) Identify two substitutes for air travel. [2] (c) Explain one characteristic that suggests that Air India was a monopoly in 1994. [2] (d) Explain two reasons why a government may privatise an industry. [4] (e) Analyse how India’s position on the current account of its balance of payments in 2017 compares with the other four countries. [4] (f) Analyse how a successful airline industry can promote economic growth. [5] (g) Discuss whether the Indian government should increase the tax on airline fuel. [6] (h) Discuss whether more people will apply to be pilots for Indian airlines in the future. 2 A number of countries, including Morocco, capture water from fog. Water is used in the primary, secondary and tertiary sectors. In recent years, Morocco has increased the quantity and quality of its resources and has moved more of them into the tertiary sector. The quantity, quality and composition of a country’s resources are influenced by a number of factors, including its birth rate. Morocco’s birth rate fell from 19.9 in 2016 to 18.7 in 2018. (a) Define a free good. [2] (b) Explain, with examples, the difference between the secondary sector and the tertiary sector. [4] (c) Analyse, using a production possibility curve (PPC), the effect of an increase in the quality of its resources on an economy. [6] (d) Discuss whether or not a fall in a country’s birth rate will benefit an economy. [8] 3 Two of Uzbekistan’s main industries are cotton and gas. Uzbekistan is the world’s seventh-largest producer, and fifth-largest exporter, of cotton. The Uzbek government has tried to influence the cotton industry’s price elasticity of supply. It has also nearly ended the use of child labour in cotton production. The country’s output of gas increased by 7% in 2018 and its average cost of gas production fell. (a) Identify two determinants of price elasticity of supply. [2] (b) Explain two advantages to an economy of ending child labour. [4] (c) Analyse how average cost can change as output increases. [6] (d) Discuss whether or not an economy would benefit from allocating more of its resources to agriculture. [8] 4 In Tunisia, resource allocation decisions are made by both the public sector and the private sector. Tunisia’s GDP increased from 2014 to 2018 but its households saved less. Income levels can be affected by changes in trade union activity and the foreign exchange rate. From 2014 to 2018, Tunisia experienced a number of strikes organised by its largest trade union, the Tunisian General Labour Union. There was also a significant fall in its foreign exchange rate. (a) Identify two of the three resource allocation decisions. [2] (b) Explain two reasons why households may save less even though their income has increased. [4] (c) Analyse how a trade union may benefit its members. [6] (d) Discuss whether or not a fall in its foreign exchange rate will improve a country’s macroeconomic performance. [8] 5 The US operates a mainly market economic system. Life expectancy in the US fell in 2017, for the third year in a row. Although the US has a high GDP per head, it also has a high level of income inequality. The poor benefit from the US’s low and stable inflation rate. The government’s supply-side policy measures were partly responsible for reducing inflationary pressure. (a) Identify two ways a government could reduce income inequality. [2] (b) Explain two advantages of a market economic system. [4] (c) Analyse why life expectancy may decrease. [6] (d) Discuss whether or not supply-side policy measures can reduce inflation. [8] 𝙋𝙡𝙚𝙖𝙨𝙚 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚 𝙞𝙛 𝙮𝙤𝙪 𝙬𝙤𝙪𝙡𝙙 𝙡𝙞𝙠𝙚 𝙩𝙤 𝙧𝙚𝙘𝙚𝙞𝙫𝙚 𝙩𝙝𝙚 𝙡𝙖𝙩𝙚𝙨𝙩 𝙚𝙭𝙖𝙢𝙞𝙣𝙖𝙩𝙞𝙤𝙣 𝙥𝙖𝙥𝙚𝙧 𝙖𝙣𝙖𝙡𝙮𝙨𝙞𝙨. #IGCSE #0455 #igcseeconomics

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CIE EDEXCEL AQA LCCI IB learning

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