Year 12s: what will be the first way you research your future options? >>

A level AQA paper 3 multiple choices

What I remember:

Value judgment- moral and political considerations

Pes- 12

Multiplier- 47.5

Construction wages higher- improved conditions

Money markets- treasury bills between other banks and capital- long term loans

Prod eff- mc = ac

National debt- total cumulated borrowing

Gini- 1 most unequal

Living conditions likely to improve (from one of the tables)

Shift ad- nudges

Consumer surplus reduced

Real wage unemployment

Yield 120

0.98 HDI less illiteracy

(edited 6 years ago)

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Reply 1

junky27

Add ones you remember

Reply 2

Bn1222

Are you sure about Construction wages higher- improved conditions? Because that wouldn't increase employment and wages?

Reply 3

Bn1222

and what level of output did you find that the firm profit maximised?

Reply 4

junky27

[QUOTE="Bn1222;72275102"]Are you sure about Construction wages higher- improved conditions? Because that wouldn't increase employment and wages?[/QUOTE

Maybe that one was wrong, what did you put

Reply 5

junky27

Original post by Bn1222

and what level of output did you find that the firm profit maximised?

I did like 11 units I think not sure I thaught the mcqs were awful

Reply 6

Bn1222

Lower bank rate because that increases demand for loans which increases demand for houses, and labour is in derived demand

Reply 7

junky27

Original post by Bn1222

Lower bank rate because that increases demand for loans which increases demand for houses, and labour is in derived demand

How was that question phrased

Reply 8

Bn1222

Original post by junky27

How was that question phrased

There was an increase in wages and employment and it said what caused this

Reply 9

junky27

Original post by Bn1222

There was an increase in wages and employment and it said what caused this

What other mcqs do you remember

Reply 10

mo501

You sure it was nudges? I put max prices cos thought max prices causes excess demand lol?

Reply 11

junky27

Original post by mo501

You sure it was nudges? I put max prices cos thought max prices causes excess demand lol?

Pretty sure it was nudges

Reply 12

mo501

Original post by junky27

Pretty sure it was nudges

Cos also I swear the graph showed a max price? So surely it was max prices? Unless I saw it wrong

Reply 13

Sap434

Original post by mo501

Cos also I swear the graph showed a max price? So surely it was max prices? Unless I saw it wrong

they did tht as a trick as the price max/min (cant remember which one it was) was already on the equilibrium position

Reply 14

MB98Yeezy

Anyone know the tax question? Was it as easy as it looked or were they trying to be catch you out?

Reply 15

Fulham_Fan

Tax was $5,000, you did 10% on 10001-30000 and 30% on 30001-40000 which gave you 4999.6 which is 5000.

Reply 16

steph_diep

The one about profit max where they gave you average total costs and average variable costs I think it was like Year 11? Or something 11

Reply 17

Nuggetsarelife

Original post by Bn1222

Are you sure about Construction wages higher- improved conditions? Because that wouldn't increase employment and wages?

the point moved up the supply curve. supply is affected my non monetary factors such as better working conditions, but thats my logic so who know's

Reply 18

junky27

Was the index number 126

Reply 19

MB98Yeezy

Original post by Fulham_Fan

Tax was $5,000, you did 10% on 10001-30000 and 30% on 30001-40000 which gave you 4999.6 which is 5000.

Ah right, thanks for explaining. I just worked out 30% which was like 12000 so clearly I'm an idiot

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A level AQA paper 3 multiple choices

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