: Pearson Edexcel past-paper questions pack
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Public goods and information gaps

Past-paper questions pack

Name
Class
Date set
Date due
Score/ 96

Questions are numbered; the mark schemes (the answer key) follow on separate pages so the question pages can be handed out alone. www.economicsaleveltutor.com

Pearson Edexcel AS and A-level Economics past-paper questions since 2016 · 15 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2025 · AS Paper 1 · Q3(c) · 2 marks · AO1=2
(c) Explain why public goods may not be provided by the private sector. (2)
2. June 2025 · Paper 1 · Q4(a) · 4 marks · AO1=3,AO2=1
(a) With reference to the data above, explain how imperfect market information may lead to a misallocation of resources in the used-car market. (4)
3. June 2025 · Paper 3 · Q1(a) · 5 marks · AO1=2,AO2=2,AO3=1
(a) Explain one reason why consumers buy less than the social optimum quantity of healthy food. (5)
4. June 2023 · AS Paper 1 · Q6(c) · 10 marks · AO1=2,AO2=2,AO3=2,AO4=4
(c) ‘Television content is a public good’ (Extract B). Assess this statement. (10)
5. June 2022 · AS Paper 1 · Q1(a) · 1 marks ·
(a) What are the characteristics of a private good? (1) A Non-rivalrous and excludable B Non-rivalrous and non-excludable C Rivalrous and excludable D Rivalrous and non-excludable
6. June 2022 · AS Paper 1 · Q1(b) · 3 marks · AO1=1,AO2=1,AO3=1
(b) Explain why flood defences such as those in the Calder Valley are usually provided by the public sector. (3)
7. June 2019 · AS Paper 1 · Q6(b) · 6 marks · AO1=2,AO2=2,AO3=2
(b) Explain how ‘asymmetric information’ (Extract B, line 30) can lead to market failure in health provision. (6)
8. June 2019 · AS Paper 1 · Q6(c) · 10 marks · AO1=2,AO2=2,AO3=2,AO4=4
(c) ‘Public parks are a public good’ (Extract C, line 1). Assess this statement. (10)
9. June 2019 · Paper 1 · Q6(c) · 10 marks · AO1=2,AO2=2,AO3=2,AO4=4
(c) With reference to Extract C, assess possible reasons why many ‘landline-only’ customers do not switch to a cheaper telephone provider. (10)
10. June 2018 · Paper 1 · Q2(c) · 1 marks ·
In 2016 a coastal flood defence scheme was completed at Broomhill Sands in Kent, protecting people, homes and businesses. A £30 million grant from the National Lottery paid for the scheme. (Source: https://www.gov.uk/government/news/30-million- project-set-to-reduce-flood-risk-in-kent) (c) The most likely reason for this grant is to ensure the: (1) A exclusivity of Broomhill Sands B provision of a private good C provision of a public good D rivalry of Broomhill Sands
11. June 2018 · AS Paper 1 · Q3(c) · 1 marks · AO1=1
(c) Define the term ‘asymmetric information’. (1)
12. June 2018 · AS Paper 1 · Q5(c) · 1 marks ·
Popular entertainment programmes output per year W 0 Educational programmes output per year (c) BBC programmes are often referred to as being public goods. This is because: (1) A all BBC programmes are financed by the public sector B the BBC is the most popular broadcaster in the UK C the consumption of these programmes is non-rivalrous D there are external benefits from the consumption of many BBC programmes
13. June 2018 · Paper 1 · Q6(b) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4
(b) With reference to Extract A, discuss the likely effectiveness of ‘measures to open up and increase competition’ in the UK energy market. (12)
14. June 2017 · Paper 1 · Q6(d) · 10 marks · AO1=2,AO2=2,AO3=2,AO4=4
(d) Assess the extent to which ‘information gaps’ (Extract B, lines 5 and 6) and ‘irrational behaviour’ (Extract B, line 11) are the main causes of food waste in the UK. (10)
15. June 2016 · AS Paper 1 · Q6(g) · 20 marks · AO1=4,AO2=4,AO3=6,AO4=6
(g) Evaluate the case for government provision of goods and services such as flood defence schemes or housing. (20)

Mark schemes

1. June 2025 · AS Paper 1 · Q3(c)
Mark scheme June 2025 Paper 1 Q3(c)
2. June 2025 · Paper 1 · Q4(a)
Mark scheme June 2025 Paper 1 Q4(a)
3. June 2025 · Paper 3 · Q1(a)
Mark scheme June 2025 Paper 3 Q1(a)
4. June 2023 · AS Paper 1 · Q6(c)
Mark scheme June 2023 Paper 1 Q6(c)
5. June 2022 · AS Paper 1 · Q1(a)
Mark scheme June 2022 Paper 1 Q1(a)
6. June 2022 · AS Paper 1 · Q1(b)
Mark scheme June 2022 Paper 1 Q1(b)
7. June 2019 · AS Paper 1 · Q6(b)
Mark scheme June 2019 Paper 1 Q6(b)
8. June 2019 · AS Paper 1 · Q6(c)
Mark scheme June 2019 Paper 1 Q6(c)
9. June 2019 · Paper 1 · Q6(c)
Mark scheme June 2019 Paper 1 Q6(c)
10. June 2018 · Paper 1 · Q2(c)
Mark scheme June 2018 Paper 1 Q2(c)
11. June 2018 · AS Paper 1 · Q3(c)
Mark scheme June 2018 Paper 1 Q3(c)
12. June 2018 · AS Paper 1 · Q5(c)
Mark scheme June 2018 Paper 1 Q5(c)
13. June 2018 · Paper 1 · Q6(b)
Mark scheme June 2018 Paper 1 Q6(b)
14. June 2017 · Paper 1 · Q6(d)
Mark scheme June 2017 Paper 1 Q6(d)
15. June 2016 · AS Paper 1 · Q6(g)
Mark scheme June 2016 Paper 1 Q6(g)