[MattMaas]

Yeah i did the higher education question; I can't remember the questions so i'm useless!! haha,, if someone gets all the multiple choice Q's and their options i'l do my answers . Same with the data answer ones.

[whatever_x]

(Original post by ThisIsMyUser)
Guys!!! i think we got ques 1 covered D: did anyone do the higher education question?

Yupp, I did!
The first question was pretty easy, the one about normative & positive statements.
I defined both & then put Extract 1 as positive and Extract 2 as normative and gave reasons. Can't remember how many marks it was though

[Megaman1995]

I found the paper really hard. Did q10.. but completely messed it up :confused. Didnt get time to finish. What did you guys write for the PES of cotton?

[Student296]

(Original post by Wa 007)
But, surely if the PPF shifts outwards this would reduce unemployment resources which is what the question asked but then again i dunno

What did you ge tfor the price mechanism short answer??

I chose the 'it acts as a signal' option.

[Wa 007]

(Original post by Megaman1995)
I found the paper really hard. Did q10.. but completely messed it up :confused. Didnt get time to finish. What did you guys write for the PES of cotton?

I wrote it was fairly inelastic in the short run (Defined short run/ Used text then evaluated)
Then i said it would be fairly elastic in the long run due to an increase in cotton production (Defined long run/Used text then evaluated)

Oh yeah then i talked about factors which would affect it like time/harvest conditions (it said it takes 100 days to harvest it , hence significant opp cost of time) then i talked about spare capacity , and finally substitutes for some reason aha saying cotton was important in textiles, but in evaluation producers were looking elsewhere. Oh and i talked about level of stocks as they were low, hence inelastic in SR again

[Student296]

(Original post by Megaman1995)
I found the paper really hard. Did q10.. but completely messed it up :confused. Didnt get time to finish. What did you guys write for the PES of cotton?

Messed that Q up but talk about short and long run. For the last question I think I done OK. Define PC and EC, draw Neg Ex diagram, Say what PC's were and EC's were reduced biodiversity and more water needs to be used.

[Obscenedilemma]

(Original post by Wa 007)
I wrote it was fairly inelastic in the short run (Defined short run/ Used text then evaluated)
Then i said it would be fairly elastic in the long run due to an increase in cotton production (Defined long run/Used text then evaluated)

I did the same too but I know a mate who said elastic in short run and inelastic in long run

[foodnom]

what was the answer to the tax one? completely guessed that

[Miryo]

(Original post by Megaman1995)
I found the paper really hard. Did q10.. but completely messed it up :confused. Didnt get time to finish. What did you guys write for the PES of cotton?

Coniditions, LR/SR, spare capacity/land. Price has increased by over 200% so supply is going to struggle to increase by the same amount. Perishibility, ease of entry into market, monopolies etc

[Mtice]

(Original post by Student296)
I chose the 'it acts as a signal' option.

Same.

[Wa 007]

(Original post by Student296)
I chose the 'it acts as a signal' option.

Yeah i said that btw did you do q 10?

[Student296]

What did you guys put for the short bread MCQ? I guessed £2.20.

[ThisIsMyUser]

(Original post by whatever_x)
Yupp, I did!
The first question was pretty easy, the one about normative & positive statements.
I defined both & then put Extract 1 as positive and Extract 2 as normative and gave reasons. Can't remember how many marks it was though

Yh it was 5 marks you should get a full 5

I messed up on the 10 marker the one about increase in tuition fees and calculating PED. I did the calculations would i get atleast 2-3marks?

The last one i did well but i was sorta outta time so i only did one paragraph and evaluation but tbh it was was pretty detailed and concise, anyone know if it's possible to get full KAA(knowledge etc...) marks for one paragraph? (MAX KAA+8 marks)

[Wa 007]

(Original post by Miryo)
Coniditions, LR/SR, spare capacity/land. Price has increased by over 200% so supply is going to struggle to increase by the same amount. Perishibility, ease of entry into market, monopolies etc

ah i forgot perishibility :/ but i talked about level of stocks of cotton, how did you find the last question?

[Wa 007]

(Original post by Student296)
What did you guys put for the short bread MCQ? I guessed £2.20.

yeah it was 2.20 i think as that was the new equlibrium, as supply decreases, hence price rose by 10p

[Student296]

For the S&D diagram in q10 it was supply shift to the left. I'm sure because it's six marks it's only one shift. Do you agree?

[Megaman1995]

(Original post by Student296)
What did you guys put for the short bread MCQ? I guessed £2.20.

the answer was c. I cant remember wat the value was though

[cesca42]

Supported choice was pretty difficult. I think I got the answers right, but probably going to lose marks in explaining, especially because for a few of them I found it pretty hard to define something.

I then did question 9 because literally the last homework we did before study leave was a paper on tuition fees. I ran into problems on 9e though, I had no idea what to write? Anyone want to console me (or possibly panic me) by telling me what they wrote for that question? It was about the effect of an increase in tuition fees on the market for higher education.

[Wa 007]

(Original post by Student296)
For the S&D diagram in q10 it was supply shift to the left. I'm sure because it's six marks it's only one shift. Do you agree?

urm i put 2 shifts as it said demand speculators increased, but you never know, btw do you know how many marks that PES question on cotton was?

[ThisIsMyUser]

I know it may be rare for them to change boundaries significantly (say like 3+marks), but seems like most people found this paper harder the the previous ones, lets hope they push the boundaries slightly D':