Economics Past Paper

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Edexcel GCE

Economics
Advanced Subsidiary Unit 1: Competitive Markets – How They Work and Why They Fail New Template Exemplar Time: 1 hour 30 minutes
You do not need any other materials.
Paper Reference

6EC01/01
Total Marks

Instructions
black ink or • Usein the boxesball-point pen. page with your name, Fill at the top of this • centre number and candidate number. • Answer all questions in Section A and one question from Section B. the questions in provided • Answermay be more spacethe spacesneed. – there than you

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for • The total markeachthis paper is 80.shown in brackets The question are • – usemarks forguide as to how much time to spend on each question. this as a Questions labelled with an asterisk (*) are ones where the quality of your • written communication will be assessed – you should take particular care on these questions with your spelling, punctuation and grammar, as well as the clarity of expression.

Advice
carefully • Read each questiontime. before you start to answer it. on the • Keep an eyeanswers if you have time at the end. • Check your

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N36146A
©2009 Edexcel Limited.

*N361460124*

2/

SECTION A Answer ALL questions in this section. You should spend 30 minutes on this section. Use the data to support your answers where relevant. You may annotate and include diagrams in your answers. 1 Statement 1: The government should increase the national minimum wage to reduce inequality. Statement 2: A significant increase in the national minimum wage above the market equilibrium wage is likely to cause unemployment. Which of the following best describes the two statements above? A Statement 1 is normative and statement 2 is positive. B Both statements are normative. C Statement 1 is positive and statement 2 is normative. D Both statements are positive. (a) Answer (1) (b) Explanation (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . .

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