Access this Cambridge International A-Level Economics Blue Book 2020 study guide for revision, practice, and exam preparation in Zimbabwe.
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This is the Cambridge International A-Level Economics study guide for Paper 3 from 2020. It is a free study guide for revision. The paper code is 9158/3.
ECONOMICS PAPER 3 COLLECTION 9158/3 N2003 1 (a) what is the basic economic problem? [10] (b) Assess the view that formerly command economies have changed to market economies so as to better solve the basic economic problem. [15] 2 (a) Explain how a market economy improves the efficiency of a firm's operations. [12] (b) Which market structure would you advise your economy to adopt to best distribute scarce resources? [13] 3 (a) How do economists measure the size of a firm? [10] (b) Discuss the real benefits of a big firm to society. [15] 4 Examine the likely consequences, to producers and consumers, of price controls on goods[25] 5 Use economic analysis to justify differences in wages. [25] 6 (a) Explain the problems one would encounter in measuring the level of activity in your country. [12] (b) Of what economic value is the information obtained from the measurement of economic activity? [13] 7 (a) Explain how interest rates are determined in the loanable funds theory. [10] (b) Discuss how the economy of your country would be affected by a cut in interest rate. [15] 8 Zimbabwe has experienced a sharp decline in the exchange rate of its currency since the late 1990s. (a) What is the impact of a depreciating exchange rate of a country's currency on its economy? [12] (b) Should a country adopt policy measures to influence the exchange rates of its currency? [13] 9 (a) Is it important to control the rate of inflation in a country? [12]