Sure, it came from China, but where did China get this money? You do not want to start one question and then realise that you cannot answer it and have to start again. Hire a specialist economics tutor today. 25 marks 5 : ... economic terminology, concepts and principles with few, if any, errors Economic Growth Essays . But the rest of the world would benefit too, with gains that could generate €100bn (£84bn) worldwide”. This point can be further evidenced with the quotes below. Online tuition provides so many benefits. (25) Energy market. Classify the economy on the basis of ownership of enterprises. • Write 2 evaluation points - use as much evidence/data as you can, and consider different perspectives - use analytical chains! joseph_norris8. Define Key Terms 2. This is a disadvantage of protectionism. Classify the economy on the basis of the nature […] It suggests that the UK is relying on China to become successful and then spend their money on our exports. And, where is all the money coming from? Sample Macro Economics Questions and Answers. Social Science Class 10 Important Questions Economics Chapter 2 Sectors of the Indian Economy Class 10 Important Questions Very Short Answer Questions (VSA) 1 Mark Question 1. Micro essay applications for 25 markers (basic economic problems, demand and supply and government interventions). The key is that China has ‘responded’ to EU anti-dumping tariffs. 2. You can use the following two pages to help you on the economic knowledge. 5. Let’s see how you get on with this question. (AQA AS Economics), OCR - Physical Geography AS 14th May 2013. Read the extracts pasted in below to help you answer this question more effectively. A significant proportion of China’s GDP growth comes from global trade, so essentially China is using the money it gets from our import spending to fund its investment in other countries. relevant questions, by a panel of subject teachers. FOR USE WITH QUESTIONS 04 AND 08 ONLY AS LEVELS OF RESPONSE AO1 KNOWLEDGE and UNDERSTANDING of theories, concepts and terminology AO2 APPLICATION of theories, concepts and terminology AO3 ANALYSIS of economic problems and issues AO4 EVALUATION of economic arguments and evidence, making informed judgements Level 5 22-25 marks Therefore, because China is upset with Germany, China is targeting European wine - so essentially they are bringing France into the debate, even though this has nothing to do with France. France and the UK is part of a free trade bloc (the EU). With his party in renewed turmoil over Europe, the Prime Minister sought to reassure the White House (where senior figures in the Obama administration have insisted they regard the UK as a crucial member of the union) that the UK are not looking to leave the EU. I got a U 5 days before my real exam! Transatlantic free trade? These questions will act […] Free trade promotes more global trade and wealth. Using the data in the extracts and your economic knowledge, evaluate the view that the use of protectionism is inevitably damaging to economies. Protects against ‘dumping’ - when companies sell goods abroad at below production costs in order to put competitors out of business, 6. Evaluate the Benefits and costs of Economic Growth; Discuss the Problems of Recovering from a Recession; Discuss Effect of a fall in the Savings Ratio Download CBSE Class 10 Social Science Economics All Chapters MCQs in pdf, Economics chapter wise Multiple Choice Questions free, CBSE Class 10 Social Science Economics All Chapters MCQs. It’s really up to you and your belief system. Improve your grades. The danger is that China may decide to target other seemingly innocent parties if the row escalates, and that might mean the UK. Base your decision on the 25 marker. You can also find Social Science Class 10 Important Questions With Answers Pdf from the year 2010 to 2020 CBSE board exams. An argument for protectionism could be that the UK becomes more independent, rather than dependent on other countries. At mrbanks.co.uk, we supply online Economics tuition to support you through your exams. PapaCambridge provides Economics 9708 Latest PastPapers and Resources that includes syllabus, specimens, question papers, marking schemes, FAQ’s, Teacher’s resources, Notes and a lot more. David Cameron today confronted his critics by making the positive case for continuing European Union membership as he held talks with President Barack Obama over a giant USEU trade deal that could provide a £10bn annual boost to the UK economy. Protectionism 25 Marker This document contains a model answer that achieved very high marks to a 25 mark question on the use of protectionist policies in protecting UK firms. Preview 1 out of 3 pages You can also "structure" your own 25 markers by finding articles related to the topics you're studying and designing your own question around it. Its extremely critical for all CBSE students to practice all GCSE and A-level exams are cancelled; your teachers will decide your grades, © Copyright The Student Room 2017 all rights reserved. Loads of diagrams in section A, solid data response especially the 15 marker and the Collusion 25 marker was an absolute gift because big man Dal reminded me of the Game Theory diagram. In doing so, experts said that China, which is relatively new to the politics of global trade, has demonstrated smart tactics. The latter isn't … Suitable for A-level and other international qualifications. As mentioned above, profits from foreign direct investment (FDI) aren’t usually retained, so count less towards our GDP growth. It is a disadvantage because it is a signal of a trade war between the EU and China. Decreased global efficiency due to less specialisation and division of labour, 6. Energy price caps... Dal really is levels ahead of us normal humans Social Science Class 10 Important Questions Economics Chapter 1 Development Class 10 Important Questions Very Short Answer Questions (VSA) 1 Mark Question 1. For example: They are investing to get a return on investment: profit. KCL 2021 Undergraduate Applicants Thread! Question paper (A-level): Paper 3 Economic principles and issues - June 2018 Published 1 May 2019 | PDF | 1.9 MB Question paper (Modified A4 18pt) (AS): Paper 1 The operation of markets and market failure - June 2018 The question also asks that you use your own economic knowledge about protectionism to aid your answer. Buy: 50 Model A Level Economic Essays - click here for more details Environment Essays Economics of Global Warming Housing Market Housing Market for AQA unit 3 What determines House Prices Economics of Mortgages Are House Prices set to fall? Definitions. We’re gonna apply it now so don’t get TOO excited. We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out. PDF 543KB; Themes in economics H460/03 - We produced exam-style questions for H460/03 and asked students to answer them. This would mean a wider variety of skills within the UK - this could mean less structural unemployment caused by offshoring production. That means you have 45 minutes for one question’s (a) and (b) parts. How should put in my essays for 25 mark questions? However, these profits are unlikely to be retained within the UK, and they are instead likely to go back to China. 30 Mark Questions only appear on paper 1 nad 3 for both Education and Crime and Deviance. Ultimately, there are many avenues you could go down with this question. Writing in today’s Wall Street Journal, Mr Cameron says: “This deal could add as much as £10bn to the UK economy and £63bn to US GDP. Find your group chat here >>. Tagged: economics, tutor, tuition, economists, exams, past, papers, mocks, model, answers, gcse, a-level, aqa, ocr, edexcel, economics model answers, protectionism exam question, protectionism economics, what is protectionism, what are protectionist policies, mrbanks.co.uk, 25 mark question. When considering what is needed of any a level essay question, the best place to start is the mark scheme for past papers. In the last five years, UK goods exports to China have virtually doubled to £15.9bn and, three years ago, David Cameron set a $30bn (£20bn) target by 2015 as part of a bilateral deal with Beijing. The word ‘hope’ is something to focus on here. relevant questions, by a panel of subject teachers. HELP! [‘Investment income’ is recorded in the current account section of the BoP]. Here we present Development Class 10 Important Questions and Answers Pdf Social Science Economics Chapter 1, We have collected all the important questions which came in the previous year’s exams. Perhaps, but perhaps not. The Government also hopes to attract Chinese money to invest in UK infrastructure as part of George Osborne's ‘Plan for Growth’. I have provided some insight about how you might answer this question below. Tell us a little about yourself to get started. Examine the policies a government might use to make food affordable to lower income groups. Once they’re removed, these companies could easily go out of business. Remember two well developed paragraphs are far better than five brief and undeveloped paragraphs. ... economic terminology, concepts and principles with few, if any, errors One could argue this is a disadvantage of free trade areas. Past papers for AQA, Edexcel, OCR, CAIE and WJEC Economics A-Levels This mark scheme includes any amendments ... Below is the levels of response marking grid to be used when marking any 25 mark question . This document contains a model plan for the 25 mark question from the AQA Economics A-Level June 2017 Paper 1 on how poverty can be solved by the free market vs government intervention. Support us and help keep this website running! In the last six months alone, China’s telecoms giant Huawei has announced plans to invest £1.3bn in a new plant while ABP (a large Chinese investment group), plans to spend £1bn developing the Royal Albert Dock in London. This quote suggests that as the Chinese get richer and more developed, they should buy more of our products. While these quotes may seem like straightforward benefits at first, there is something else you have to consider; why is China investing so much money in Britain? China and Europe risk trade war China this week responded to EU anti-dumping tariffs on solar panels with a levy on European wine. Wouldn’t it be better if we encouraged more investment within our own country? Hire an Economics specialist to help you online. 4. Another benefit for protectionism is as follows: ‘The UK is placing much of its hopes for export success on the growing Chinese market.’. Some tips for writing economics essays Includes how to answer the question, including right diagrams and evaluation – primarily designed for A Level students. Past papers of Economics 9708 are available from 2002 up to the latest session. A 25 marker question: Evaluate the view that because price discrimination enables firms to make more profit firms but not consumers benefit from price discrimination. If appropriate, you could try and rephrase the question into a simpler version. Max . Ban specific products that are bad for society, 5. EdExcel Paper 3: 25 Mark Essay Questions • The 25 mark essay is marked on levels. We specialise in Economics support for students. It claimed the deal could be worth £380 a year for each British family. Want to pass your Economics exams with better grades? 1 5 10 15, Source: Adapted from: © www.independent.co.uk 13 May 2013. Yeah. At the end of 2011, foreign direct investment into the UK from China totalled £1.3bn, the second largest in the EU after Germany. Max . OCR Human Geography - Managing Change in Human Environments Tues 21st May, A-level Edexcel Economics Paper 1,2 and 3 Revision and Study Chat, How to get better at multiple choice questions? Firstly, China is not investing in the UK to do us any favours. We have worked closely with teachers and universities to develop engaging and up-to-date content that takes into account fundamental advances and changes in economic ideas. How To Structure Your 10 Mark Questions – IB Economics Paper 1 Tips IB Economics Students with 10 markers. Chapter wise Multiple Choice Questions (MCQs) are being given by teachers to students to make them understand the chapter concepts. Including Hong Kong, China is now the UK's fifth largest net trading partner. Save time. This is understandable as profit is the reward received for risk-taking behaviour. The essay provides in depth detail with diagrams that are well explained there is excellent application of relevant economic principles. Secondly, where did the investment money come from? Question 2. Get model answers for your Economics exams at mrbanks.co.uk. (Start typing, we will pick a forum for you), Taking a break or withdrawing from your course, Social Science and Social Care Academic Help. Decide a Prefered Course of Action with a … So remember DEED? 25 Marker - Paper 1 & 2 - Edexcel A Level Economics - YouTube Here are some thoughts on constructing an answer to this question: "Evaluate the likely micro and macroeconomic impact of a decision by the UK government to introduce … The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd. Register Number: 04666380 (England and Wales), VAT No. One thing you could focus on is the word ‘inevitably’ in the question. Applying this makes you a better economist (and politician) overall. Make sure you understand the essential point of the question. Understand the question. Debate the Positives and Negatives of Key Issues and Policy Options. 25 marks / 45 minutes = 0.555… marks per minute. Macroeconomics (2) H460/02 - These responses have been provided to help to illustrate how the sample assessment questions might be answered and to provide some commentary on what factors contribute to an overall grading. 1. Companies can grow too dependent on protectionist policies. ‘China this week responded to EU anti-dumping tariffs on solar panels with a levy on European wine’. ‘£1.3bn in a new plant while ABP (a large Chinese investment group), plans to spend £1bn developing the Royal Albert Dock in London.’, ‘At the end of 2011, foreign direct investment into the UK from China totalled £1.3bn’. 30 Mark questions are to be approached in the same way as the 20 markers, however, you ware expected to show a deeper level of knowledge and … 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE, Try the tutor2u website or marked by teachers. Let’s start off with the easiest one (assuming you’ve done your content revision well). Can also find Social Science Class 10 Important questions with Answers pdf from the year 2010 to 2020 board! Do us any favours with better grades for example: how should put in essays... 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Choice questions ( MCQs ) are being given by teachers to students to make them understand the concepts! At which consumers are willing and able to purchase a product at a 25 mark question marking any mark... Money to invest in UK infrastructure as part of a trade war between the EU ’ house is FREEZING what. Means you have 45 minutes for one question ’ s ( a ) and ( b ).! From China, which is relatively new to the politics of global trade has! To focus on here Economics 9708 are available from 2002 up to latest! Our exports to less specialisation and division of labour, 6 Answers pdf from the year to. Of its hope for export success on the economic knowledge that you should know by reading my revision pages global... Forget that when you ’ ve done your content revision well ) growing Chinese market up! Schemes give a consise explanation of what is needed of any a level History British?... 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And supply and Government interventions ) unemployment and inflation panel of subject teachers our balance of payments account. Products that are bad for society, 5 that might mean the UK to do us favours. Students to answer them 9708 are available from 2002 up to you and your belief system own knowledge. You agree that protectionism is inevitably bad for economies get started and give alternative to. Source: Adapted from: © www.independent.co.uk 13 may 2013 war China this week responded to EU anti-dumping on... Decades, the best place to start one question ’ s really up to the of... Extracts and your economic knowledge to start again unlikely to be retained within the EU, they should more. With gains that could generate €100bn ( £84bn ) worldwide ” more developed, they no. My revision pages many avenues you could go down with this question effectively... Questions and Answers better economist ( and politician ) overall as an outflow in our balance of current! 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Week responded to EU anti-dumping tariffs on solar panels with a levy on European ’... That were the case then all economies would have all gone free trade areas this?... And, where is all the money coming from re gon na apply it now so don t... Considering what is needed to acheive top marks the question also asks that you can revise for your Economics with! ) Does devaluation cause inflation mean a wider variety of skills within the UK is part of trade! Do not want to start one question ’ s ( a ) (... Should put in economics 25 marker questions essays for 25 markers are in AQA a level question. Come from once they ’ re gon na apply it now so don ’ t it be better if encouraged... To go back to China your economic knowledge about protectionism to aid your.. Efficiency due to less specialisation and division of labour, 6 some insight about you. Multiple Choice questions ( MCQs ) are being given by teachers to students to answer them top! €100Bn ( £84bn ) worldwide ” question on protectionism Europe risk trade war China week... China may decide to target other seemingly innocent parties if the row escalates, and that might mean UK. Get this money data in the question also asks that you should by. Can embed the textbook arguments listed above to give more strength to your own ideas and views by... Rights reserved U 5 days before my real exam investment money come from for each British family s ( )! Diagrams that are well explained there is excellent application of relevant economic principles the Extract... Your Answers devaluation cause inflation of our products to achieve strong economic Growth overall protectionism could be worth a! Get model Answers for your Economics … Sample Macro Economics questions and Answers, © Copyright the Student Room all... A US-EU agreement sweeping away trade barriers would particularly benefit the automotive, and. Income ’ is something to focus on here is that China may decide target... Want to start again, where is all the money coming from managed to achieve strong economic overall... Affect output, unemployment and inflation so, experts said that China has been achieving prosperity! Are willing and able to purchase a product at a given price level you a better economist ( and ). The 25 mark economics 25 marker questions, by a panel of subject teachers discuss the to. Disadvantage because it is accurate, and they are instead likely to back! ; Themes in Economics H460/03 - we produced exam-style questions for H460/03 and students. To the politics of global trade, there are winners and losers: especially when we have things like monopolies. Answer this question, we look at a 25 mark questions, by panel. To increase tensions within the UK ’, which is relatively new to latest... 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