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# Economics AQA Unit 1 resit watch

1. (Original post by Travy)
For Subsidy - Merit Good - e.g under produced and consumed
- Subsidy Diagram
Pos Externality diagram

Against - oportunity Cost
Subsidy could be spent elsewhere

My against point and conclusion were so weak I ran out of time and they were so short. Did not even do diagram for against point
Same, I ran out of time on my last point and conclusion, still managed tot mention potential gov failure and inefficiencies within the conclusion
Is greater for country Y than for Country X
That's also what I stated
3. (Original post by nayana71)
Oh no i think i put +0.5 for the elastcity.... I didnt finish my 25 mark essay and i messed up the third question
Yep it had to be +0.5. Was it the cross elasticity question? I remember something about thinking it was a substitute so it had to be positive
4. I'll copy paste this comment of mine from another topic in the hopes that someone else's done Context 1 and remembers Q02:

I have a very important question regarding Context 1 (it will make or break my grade, pretty much). Question 02:

What did you contrast? We had the electricity mix of the UK in the year of 2013 and 2014.

I said that coal aws 36.6% in 2013 as compared to 23% or however much in 2014, a more than 50% decrease in the % makeup of coal's making up of the electricity mix, as coal has been overtaken by Gas as the largest source of elec production, with 35% or so in 2014 from 20% in 2013, an almost 50% increase again.

And then to make sure I compared how renewable sources made up 13.5% in 2013 as compared to Nuclear energy in 2014 as 20% and then how renewable sources made up 17.5% in 2014 as compared to Nuclear energy's 23.5% in 2013.

I wanted to make sure that if I messed up which ones I was supposed to contrast, I would still get enough points for at least a few of my statements...

Any help would be hugely appreciated!

Hope you all managed well on the exam!
5. (Original post by Caius Filimon)
Yep it had to be +0.5. Was it the cross elasticity question? I remember something about thinking it was a substitute so it had to be positive
It was price elasticity of supply wasnt it? For context 2
6. (Original post by nayana71)
It was price elasticity of supply wasnt it? For context 2
Oh woops nvm then. I hope you did well though.

Welp, guess no one did context 1.
7. MCQ answers ???, i thought I had more time than I did so I only answered 8/25 mcq and just ticked B for the rest, section B i think I got, 5 marks for definition, 8 for comparison, 10/12 and about 21/23/25 as I only had 1/2 quotes.
8. what did you write for pes deteminants for tickets?
9. urghhhhh my pes q3 went crap. I've lost 12 marks there but pretty sure I got full marks everywhere else. the multiple choice was sooo easy and the 25 marker was a dream. hopefully I get a high B. anyways im done thinking about this now. time for some maths :/
10. does anyone have a copy of the multiple choice questions?

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11. (Original post by Kara15555)
what did you write for pes deteminants for tickets?
Spare capacity and time are the main two
12. for my multiple choice I got BABDBDCBDCCAADDADABDDAACB, anyone got the paper?
13. wish I could have done this paper as the new spec used brand new multiple choice questions
14. What will the grade boundaries be like this year?
15. What were people's definition for context 2 'social benefits'?

I took the definition as if it was marginal social benefits but I'm not sure if that's right.

Also on the 8 marker did everyone write the number followed by thousands? Eg 12,897 thousand visitors?

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16. (Original post by naomi288)
What were people's definition for context 2 'social benefits'?

I took the definition as if it was marginal social benefits but I'm not sure if that's right.

Also on the 8 marker did everyone write the number followed by thousands? Eg 12,897 thousand visitors?

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Did everything you just said

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17. Yes guys it wasnt clear for me if we need to right word thousand after the number, did u all write thousands like 12,398 thousandf or just number like 12,398 ????
18. (Original post by Kara15555)
Yes guys it wasnt clear for me if we need to right word thousand after the number, did u all write thousands like 12,398 thousandf or just number like 12,398 ????
Think i put 12398000
19. (Original post by jxnnywilsxn)
I don't have the paper, but my multiple choice answers were very similar to yours I think.
20. (Original post by Kara15555)
Yes guys it wasnt clear for me if we need to right word thousand after the number, did u all write thousands like 12,398 thousandf or just number like 12,398 ????
I put 12,398 thousand

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