Edexcel Economics Unit 4: 20th June 2012

Is it just me or are people starting to get more worried now that time is getting nearer...?

Its right to say when our exchange rate is strong exports are low and imports high
And vice versa or is it the other way round
Thanks

I'm not too sure about the chances of development coming up, but whatever questions we get in Section A, it is possible that one of these questions is followed on, on to Section B. This could be more vaguely, touching slightly on the topic.

Development, I find is a topic that requires a lot of background info, that's why it's so hard to revise.

That's the right way around.

Exchange rate is high, so price of imports are low, and imports are high.
Exchange rate is high, so price of exports are high, exports are low.

Vice versa.

guys...how are the marks allocated for section b?

like how many points we should give and how many evaluation we should give for each questions?

thanks a lot

Slightly confused with the 30 marker question. If it's 4 points and 3 evaluation, does that mean only 3 points are evaluated and the other you can leave without evaluation?

It's more the hand cramping that's worrying me! I'm not good with writing for long periods :s

This is correct. Think about it if the supply of labour increases the price of labour (the wage rate) falls. It's just normal supply and demand summed up from different industries to give AS.

anyone? please...

Would someone mind explaining when I would refer to the law of comparative advantage in answering a question? Sometimes in the mark scheme it says things like 'this distorts law of comparative advantage' what exactly does that mean? thanks

It's more the hand cramping that's worrying me! I'm not good with writing for long periods :s

What's the best revision technique this close to the exam when you have a broad understanding of pretty much everything on the syllabus but aren't macho confident on any one topic?