9708/31

Economics 9708/31May/June 2023

Cambridge A-Level · A Level Multiple Choice · answer key with instant marking and worked solutions

30
questions
30
marks
75
minutes

Topics Efficiency and Market Failure · Government Policies to Correct Market Failure · Characteristics of Countries at Different Levels of Development · Employment and Unemployment · Growth and Survival of Firms · Externalities, Social Costs and Benefits · +16 more

Tap an option under each question to check it — your score builds as you go.

Q11MUtility TheoryFree sample

What does the marginal utility diagram show?

Options

A   Total utility becomes negative if the quantity consumed increases from Y to Z.
B   Total utility decreases if the quantity consumed increases from X to Y.
C   Total utility decreases if the quantity consumed increases from Y to Z.
D   Total utility is maximised at X.

The rest of this paper

29 more questions
  • Q2Efficiency and Market Failure1M
  • Q3Indifference Curves and Budget Lines1M
  • Q4Efficiency and Market Failure1M
  • Q5Revenue and Profit · Objectives and Pricing Policies of Firms1M
  • Q6Performance of Firms in Different Market Structures1M
  • Q7Costs of Production1M
  • Q8Market Structures · Growth and Survival of Firms1M
  • Q9Externalities, Social Costs and Benefits1M
  • Q10Externalities, Social Costs and Benefits1M
  • Q11Growth and Survival of Firms1M
  • Q12Efficiency and Market Failure · Government Policies to Correct Market Failure1M
  • Q13Government Policies to Correct Market Failure1M
  • Q14Wage Determination and Labour Market Intervention1M
  • Q15Demand for and Supply of Labour1M
  • Q16Characteristics of Countries at Different Levels of Development · Equity, Poverty and Redistribution1M
  • Q17Government Policies to Correct Market Failure1M
  • Q18Economic Growth and Sustainability1M
  • Q19Employment and Unemployment1M
  • Q20The Multiplier and National Income Determination1M
  • Q21Employment and Unemployment1M
  • Q22The Multiplier and National Income Determination1M
  • Q23Effectiveness of Macroeconomic Policies1M
  • Q24Macroeconomic Objectives and Policy Conflicts1M
  • Q25Effectiveness of Macroeconomic Policies1M
  • Q26Relationships Between Countries at Different Levels of Development1M
  • Q27Economic Development and Living Standards1M
  • Q28Employment and Unemployment1M
  • Q29Characteristics of Countries at Different Levels of Development1M
  • Q30Characteristics of Countries at Different Levels of Development1M
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