Edexcel Unit 1 Micro Evaluation Questions (14 Markers)

Here is a listing of the most recent topics chosen for the 14 mark questions on the Edexcel Unit 1 Economics Paper.

Potash Mining

• 1.Using the information provided and your own knowledge, discuss the case for allowing the potash-mining project to go ahead in the North Yorkshire Moors National Park.
• 2.Discuss the factors that might influence the supply of labour to the mining industry or another industry of your choice.

Bottled Water

• 1.With reference to the concept of external costs, discuss the possible economic effects of an increase in the production and consumption of bottled water.
• 2.Evaluate the likely economic effects of an increase in indirect tax on bottled water. Use a supply and demand diagram in your answer.

Severn Estuary Tidal Barrage

• 1.Discuss factors that might influence the supply of labour for constructing the tidal barrage scheme.
• 2.Evaluate two measures, other than supporting the Severn Estuary tidal barrage, by which the Government could promote the generation of renewable energy.

Cigarettes

• 1.With reference to the information provided and your own knowledge, discuss the likely benefits to consumers and the government of a decrease in tobacco smoking.
• 2.With reference to the information provided and your own knowledge, to what extent might regulations on the sale of cigarettes and high taxes on tobacco results in government failure?

Heathrow

• 1.Using the information provided and your own knowledge, assess the case for building a third runway at Heathrow Airport
• 2.Examine the likely economic effects on air travel of an increase in Air Passenger Duty. Use an appropriate supply and demand diagram in your answer

Cocoa Prices

• 1.Evaluate the likely consequences of fluctuating prices for cocoa producers
• 2.Evaluate the likely economics effects of a guaranteed minimum price scheme such as that introduced by the Ivory Coast for cocoa producers. Illustrate your answer with a supply and demand diagram.

Fish stocks

• 1.With reference to Extract 2, discuss the likely economic impact if the UK government prevents fishing in 30% of the UK's coastal waters.
• 2.Evaluate the use of government subsidies to fish farms. Use an appropriate diagram in your answer.

Australian coal

• 1.With reference to Extract 2 and your own knowledge, assess the benefits of a system of tradable pollution permits for reducing carbon emissions.
• 2.Discuss two possible government measures to improve the mobility of labour in the coal mining industry.