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F581 OCR Economics May 18th Watch

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    Last question wasn't the best 18 marks I've ever written... but the rest of the paper was very nice indeed.
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    How did you guys draw the burger king diagram?
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    Paper was pretty good, but can anyone tell me if you can reach level 3/4 in the last question if you dont state the pros for regulation?
    i talked about what the regulation will do and said the cons, and did alternatives etc in level 4 and conclusion but not the pros.. :mad:

    cheers guys
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    (Original post by Priti94)
    How did you guys draw the burger king diagram?
    opposite to the mcdonalds one, thats all i can remember from it!
    i think ...
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    (Original post by _Saaaam_)
    Paper was pretty good, but can anyone tell me if you can reach level 3/4 in the last question if you dont state the pros for regulation?
    i talked about what the regulation will do and said the cons, and did alternatives etc in level 4 and conclusion but not the pros.. :mad:

    cheers guys
    The pros tend to be what you say about the theory of how it works cause you're saying how it should reduce the market failure.
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    Amazing paper.. Easy 6 marks for the opening question, some very basic diagram questions and a brilliant 18 marker. The only one I was a little sceptical about was the YED question.. I got 0 for the USA and 2 for Japan.. Apart from that thought it was awesome!
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    Did anyone else say that you could use regulation in more than one way?
    I said you could ban it completely or just ban fast food with over a certain % of fat in it.
    And *******s i just realised i don't think i mentioned penalties at all I said the law would have to be inforced but not how.
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    (Original post by Clare1994)
    The pros tend to be what you say about the theory of how it works cause you're saying how it should reduce the market failure.
    ah i see, think i did them then..
    if i didnt does that restrict my chances of gaining level 3/4?
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    (Original post by _Saaaam_)
    ah i see, think i did them then..
    if i didnt does that restrict my chances of gaining level 3/4?
    Possibly but as long as the theory is good i reckon you're fine.
    I didn't like the wording of the question I was like do i compare it to other methods or... At the end i came to the conclusion it's not best on it's own
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    (Original post by Clare1994)
    Possibly but as long as the theory is good i reckon you're fine.
    I didn't like the wording of the question I was like do i compare it to other methods or... At the end i came to the conclusion it's not best on it's own
    god, its one of those questions i either aced, or completely flopped

    we'll see!
    yes i agree, i started off thinking not to compare it to other methods but pleased i did in the end
    haha yeh, just squeezed that in at the end - hope the examiner can read it because i was running out of time!
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    (Original post by _Saaaam_)
    god, its one of those questions i either aced, or completely flopped

    we'll see!
    yes i agree, i started off thinking not to compare it to other methods but pleased i did in the end
    haha yeh, just squeezed that in at the end - hope the examiner can read it because i was running out of time!
    I just put in a little about tax haha
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    (Original post by Clare1994)
    I just put in a little about tax haha
    was that your alternatives?
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    (Original post by Clare1994)
    Did anyone else say that you could use regulation in more than one way?
    I said you could ban it completely or just ban fast food with over a certain % of fat in it.
    And *******s i just realised i don't think i mentioned penalties at all I said the law would have to be inforced but not how.
    Yeah, I talked about regulation in many ways. The case study talked of regulation in regards to forcing information provision on fast food. I also talked about a limit on selling fast food. As long as you've said how regulation can be successful and unsuccessful in at least ONE way, that's fine.
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    Really disliked how the last question was worded. Because of the wording I purposely didn't mention any alternatives
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    For the 18 marker I talked about the negative externality and how regulation used tax to decrease consumption. I also wrote about information failure and that regulation made them to provide accurate information. Have I messed up on it? I thought I talked too much about tax -_-
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    (Original post by JOR2010)
    Yeah, I talked about regulation in many ways. The case study talked of regulation in regards to forcing information provision on fast food. I also talked about a limit on selling fast food. As long as you've said how regulation can be successful and unsuccessful in at least ONE way, that's fine.
    dam this is why i should read the article haha oh well idk
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    i didn't talk about information failure
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    (Original post by Stardust Mirage)
    For the 18 marker I talked about the negative externality and how regulation used tax to decrease consumption. I also wrote about information failure and that regulation made them to provide accurate information. Have I messed up on it? I thought I talked too much about tax -_-
    Possibly i personally didn't do much theory on tax i basically said it could be used and to get rid of the externality it would have to be set where social costs meet private benefit
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    (Original post by nm786)
    i didn't talk about information failure
    Me neither nor information provision.
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    i liked the january paper,
    it's a shame i didn't do well in it,
    looking back at it now, it was bloody easy.
 
 
 
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