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Title: Edexcel a level economics b question paper 1 june 2024 + mark scheme
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE In Economics B (9EB0) Paper 1: Markets and how they work
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE In Economics B (9EB0) Paper 1: Markets and how they work
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Edexcel a level
economics b question
paper 1 june 2024 +
mark scheme
Please check the examination details below before entering your candidate information
Candidate surname
Centre Number
Other names
Candidate Number
Pearson Edexcel Level 3 GCE
Wednesday 15 May 2024
Morning (Time: 2 hours)
Paper
reference
Economics B
9EB0/01
Advanced
PAPER 1: Markets and how they work
You do not need any other materials
...
•
in the boxes at the top of this page with your name,
• Fill
centre number and candidate number
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•
• Answer the questions in the spaces provided
– there may be more space than you need
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•
marks for each question are shown in brackets
• The
– use this as a guide as to how much time to spend on each question
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Advice
Read each question carefully before you start to answer it
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•
• Check your answers if you have time at the end
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F:1/1/1/1/
*P80957A0128*
Read the following extracts (A–E) before answering Question 1
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Extract A
TUI Group lose market share to Jet2holidays
The TUI Group (TUI) has finally responded to being overtaken by Jet2holidays as the UK’s
largest tour operator
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We want to grow stronger than our competitors
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It is targeting the larger
and higher growth segments of the leisure market, such as accommodation only,
flight only, car hire, tours and experiences
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Energised adventurers are older, confident, more affluent and adventurous
holidaymakers interested in culture and exploration
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TUI reported record holiday bookings for summer 2023 and 2024 now that global travel
restrictions have been lifted for consumers
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co
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4 313
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Extract C
TUI hails return to profit but warns of €25m additional costs from Rhodes’ wildfires
The package holiday operator TUI has enjoyed its first profitable April to June since
before the global health crisis but warned that it expects €25m additional costs from last
month’s wildfires in Rhodes
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5
“The financial impact of the wildfires in recent weeks covering cancellations, customer
compensation, repatriation flights and welfare costs has added €25m additional costs to
our full year 2023 results,” the company said
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It predicted summer bookings would still be 6%
higher than last year
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theguardian
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25%
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uk/monetary-policy/the-interest-ratebank-rate)
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The UK travel and tourism sector is highly fragmented and firms within this sector range
from large tour operators such as TUI and Jet2holidays to smaller independent hotels,
bed and breakfasts, travel consultants and leisure activities
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It is set to reach more than £286 bn or 10
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The UK travel and tourism sector is expected to create nearly 700,000 new jobs over
the next decade and is a major employer in the UK
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In 2022, there were
15
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2 bn
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Manchester has amazing
cuisine, an assortment of museums and incredible nightlife
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5
10
(Source: adapted from: https://travelweekly
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uk/news/air/uk-travel-and-tourism-to-create70000-jobs-a-year-over-next-decade)
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UK travel and tourism to create 700,000 jobs over next decade
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Extract E
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1 (a) Explain one reason why an increase in market share might be an important
business objective for TUI
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(4)
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(c) Using Extract B calculate, to two decimal places, the operating profit margin for
TUI in Q3 2023
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(4)
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*P80957A0728*
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(d) Using a supply and demand diagram, analyse the likely impact on the market for
air travel of improvements in aircraft technology
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Many airlines are now investing in aircraft that are more fuel efficient and use low‑carbon
jet fuel in a bid to reach net‑zero carbon emissions by 2050
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(8)
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(10)
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(12)
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(h) Assess the likely impact from the growth of the travel and tourism sector on
aggregate demand (AD) in the UK
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Extract F
Sugar tax and childhood obesity
Obesity has become a global public health problem with over half the world predicted
to be overweight or obese by 2035
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3 trillion annually by 2035, or 3% of global GDP
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Obese children are more
likely to suffer from depression and in later life have serious health problems including
high blood pressure and type 2 diabetes
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A large source of this is sugary drinks
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In April 2018, the UK Government introduced a sugar tax on soft drinks – the soft drinks
industry levy
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The levy raised £334 m in the financial year
2021–22
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A planned restriction on advertising unhealthy foods before 9 pm on TV and online
has been repeatedly pushed back
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5
10
15
20
(Source: adapted from https://www
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ac
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SECTION B
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2 Evaluate the effectiveness of indirect taxation on demerit goods to reduce childhood
obesity in the UK
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Extract G
Artificial Intelligence (AI) set to affect 300 million jobs across major economies
The latest breakthroughs in artificial intelligence (AI) could lead to the automation of 25%
of the work done in America and Europe, according to research by Goldman Sachs
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There are already big claims for generative AI’s transformational effects on productivity
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But if the technology lived up to its promise, it would also bring significant disruption to
the labour market, exposing the equivalent of 300 million full‑time workers across large
economies to automation
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5
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15
Lawyers and administrative staff would be among those at greatest risk of becoming
redundant
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(Source adapted from: https://www
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com/content/7dec4483-ad34-4007-bb3a7ac925643999)
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Read the following extract (G) before answering Question 3
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Title: Edexcel a level economics b question paper 1 june 2024 + mark scheme
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE In Economics B (9EB0) Paper 1: Markets and how they work
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE In Economics B (9EB0) Paper 1: Markets and how they work