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Edexcel A Level Economics B Paper 1 (9EB0 01) - 15th May 2024 [Exam Chat]

Reply 40

wiggy209

5

Original post by Finance102

Guys was it me or that was the worst test ever

I thought it was nice exam expert the 10 marker

Reply 41

Finance102

10

What did you guys put for ‘how inflation effects individual 2 reasons’

Reply 42

wiggy209

5

Original post by Finance102

What did you guys put for ‘how inflation effects individual 2 reasons’

Reduced purchasing power
Higher prices
Living standards

Reply 43

Arunsingh05

6

What did u guys get for the PED question?
The rest wasn’t so bad.
Also I found the MNC case study rubbish so I just used my own examples.

(edited 1 year ago)

Reply 44

wiggy209

5

Original post by Arunsingh05

What did u guys get for the PED question?
The rest wasn’t so bad.
Also I found the MNC case study rubbish so I just used my own examples.

0.05 rounded to 2dp

Reply 45

n5nxhi

2

Original post by Talkative Toad

Edexcel A-Level Economics B Paper 1: Markets and how they work (9EB0 01) - 15th May 2024 [Exam Chat]
Welcome to the exam discussion thread for this exam. Introduce yourself! Let others know what you're aiming for in your exams, what you are struggling with in your revision or anything else.

Wishing you all the best of luck.

General Information
Date/Time: 15th May / AM
Length: 2hrs
Resources
Edexcel Economics

Got 0.05 for ped
130 for index anyone?

The section A questions were nice ngl the 20 markers threw me off a bit :/

Reply 46

Fluffypanda708

6

Original post by Arunsingh05

What did u guys get for the PED question?
The rest wasn’t so bad.
Also I found the MNC case study rubbish so I just used my own examples.

I got 0.05

Reply 47

Fluffypanda708

6

What did everyone get for the index number question? I got 115 but I crossed out 130 which my friends also got 😪

Reply 48

n5nxhi

2

Original post by Fluffypanda708

What did everyone get for the index number question? I got 115 but I crossed out 130 which my friends also got 😪

Yeah its 130

Reply 49

Finance102

10

What did you guys put for the 20 markers. MNCS then the Unemployment one

Reply 50

Fluffypanda708

6

Original post by Finance102

What did you guys put for the 20 markers. MNCS then the Unemployment one

For MNCs the case study was **** so I mostly just did regulation and then talking about why this may not be significant because of political influence like lobbying and because they provide significant tax revenue for governments and they attract investment. Didn’t get enough time on it but would have gone on to mention regulatory capture. I couldn’t think of many of my own examples for other factors like social media or self regulation. I also said that the high barriers to entry mean that regulatory bodies aren’t doing enough to promote competition as well as high priced and imperfect information for consumers means they aren’t sufficient at protecting consumers so this impact may be limited.

Reply 51

Fluffypanda708

6

Original post by Finance102

What did you guys put for the 20 markers. MNCS then the Unemployment one

The unemployment one I just went on about technical because I forgot what structural was! I was getting confused because the extract was about regional unemployment is this the same thing??

Reply 52

Fluffypanda708

6

What did everyone do for the poverty one? I was struggling to back up Lee Anderson’s claim who said poverty Is not real like what the hell ? How to explain this?

Reply 53

Finance102

10

Original post by Fluffypanda708

What did everyone do for the poverty one? I was struggling to back up Lee Anderson’s claim who said poverty Is not real like what the hell ? How to explain this?

I put

I agree with him to a certain extent ‘uk offers free school meals to try and ease absolute poverty’ and how ‘families will save £500’ and spoke about them using it for other necessities such as energy ext.my evaluation was that, it only provides for children and those in low level education ext

Then the other para was a line about them speaking about the ‘lowest households will struggle’ and said however this might be relative and not absolute poverty, plus uk have other things in place to avoid absolute poverty, eg food banks (but I think that’s outside knowledge)

Reply 54

Finance102

10

GUYS that was such a good paper, ran out of time a little bit but overall edexcel thank you !!

Reply 55

The best way

Original post by Talkative Toad

Edexcel A-Level Economics B Paper 1: Markets and how they work (9EB0 01) - 15th May 2024 [Exam Chat]
Welcome to the exam discussion thread for this exam. Introduce yourself! Let others know what you're aiming for in your exams, what you are struggling with in your revision or anything else.

Wishing you all the best of luck.

General Information
Date/Time: 15th May / AM
Length: 2hrs
Resources
Edexcel Economics

Hi what were the questions on paper 1 edexcel b I have a mock coming up and I am cooked

Edexcel A Level Economics B Paper 1 (9EB0 01) - 15th May 2024 [Exam Chat]

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