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1、Examiner s use only Team Leader s use only Surname Initial s Signature Centre No Turn over Candidate No Question Leave Number Blank 1 2 3 4 Total Paper Reference s 4350 2H London Examinations IGCSE Economics Paper 2H Higher Tier Monday 29 October 2007 Morning Time 2 hours 15 minutes Materials requir
2、ed for examination Items included with question papers Calculator Nil Instructions to Candidates In the boxes above write your centre number candidate number your surname initial s and signature Check that you have the correct question paper Answer ALL the questions Write your answers in the spaces
3、provided in this question paper Do not use pencil Use blue or black ink Information for Candidates The marks for individual questions and the parts of questions are shown in round brackets e g 2 There are 4 questions in this question paper The total mark for this paper is 100 There are 20 pages in t
4、his question paper Any blank pages are indicated Calculators may be used Advice to Candidates Write your answers neatly and in good English You are advised to spend the same amount of time on each of the 4 questions Paper Reference 4 3 5 02 H This publication may be reproduced only in accordance wit
5、h Edexcel Limited copyright policy 2007 Edexcel Limited Printer s Log No H29174A W850 4350 57570 7 4 4 H29174A0120 Leave blank 2 H29174A0220 Answer ALL the questions Question 1 Consumers are replacing their traditional cameras with new digital cameras Traditional cameras require film and digital cam
6、eras require memory cards a i What is the economic term used to describe the relationship between traditional cameras and film 1 Figure 1 Demand and supply of film for traditional cameras Price of film Quantity On Figure 1 above ii label demand D supply S equilibrium price P and the equilibrium quan
7、tity Q 2 iii show the effect of growing sales of digital cameras on the equilibrium price and quantity of film for traditional cameras 2 Leave blank 3 Turn over H29174A0 20 b i What is price elasticity of demand 2 ii Briefly explain two reasons why the demand for digital cameras might be price elast
8、ic 1 2 4 iii How important is price elasticity of demand in the decision making of firms 4 Leave blank 4 H29174A0420 c i Companies manufacturing cameras use division of labour With the aid of an example define the term division of labour 2 ii State one advantage and one disadvantage of division of l
9、abour to firms Advantage Disadvantage 2 Leave blank 5 Turn over H29174A0 20 Figure 2 CountryWage rate per hour USA16 14 Puerto Rico10 80 Figure 2 shows the average wage rates in the USA and Puerto Rico for workers in manufacturing in 2004 d To what extent might government interference in the labour
10、market account for the different wage rates in the two countries 6 Q1 Total 25 marks Leave blank 6 H29174A0 20 Question 2 Figure 1 1960 2005 Smaller Four major Other independent supermarket retailers chains 100 90 80 70 60 50 40 30 20 10 0 Market share of UK retailers UK Market share a With referenc
11、e to the data in Figure 1 describe the changes in the market share between 1960 and 2005 of i smaller independent retailers 2 ii the four major supermarket chains 2 iii Briefly explain the cause of these changes 2 Leave blank 7 Turn over H29174A0720 iv Are the benefits to customers from these change
12、s likely to be greater than the disadvantages Give reasons for your answers 4 v Large supermarkets use non price competition Give an example of non price competition 1 b i In 2004 two large supermarkets merged State two advantages of this merger to the firms 1 2 2 Leave blank 8 H29174A0 20 ii Briefl
13、y explain two ways in which a government can increase the number of small firms in an economy 1 2 4 iii Briefly explain one measure a government can take to limit the size of firms 2 iv Are large firms an advantage to an economy Justify your answer 6 Q2 Total 25 marks 9 Turn over H29174A0920 BLANK P
14、AGE Leave blank 10 H29174A01020 Question 3 Figure 1 2000 2001 2002 2003 2004 2005 Years 12 10 8 6 4 2 0 Economic growth in Nigeria 2000 2005 a i Using the data in Figure 1 describe what happened to economic growth in Nigeria between 2003 and 2004 2 ii State two reasons why economic growth is a gover
15、nment objective 1 2 2 b i What is meant by human capital 2 Leave blank 11 Turn over H29174A01120 ii Identify two ways in which human capital can be increased 1 2 2 iii Briefly explain how the discovery of oil reserves in a country can affect its rate of economic growth 3 iv Briefly explain one disad
16、vantage of economic growth 2 Leave blank 12 H29174A01220 v Do the advantages of economic growth outweigh the disadvantages Justify your answer 4 Figure 2 Average Bank of England Interest Rate u 7 5 7 6 5 6 5 5 5 4 5 4 3 5 3 1998 1999 2000 2001 2002 2003 2004 Years u u u u u u c i Using Figure 2 describe what happened to the rate of interest between 1998 and 2004 2 Leave blank 13 H29174A01 20 ii Analyse how effective changes in the rate of interest may be in reducing unemployment 6 Turn over Q3 T
