Ocr a level economics Study guides, Class notes & Summaries
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OCR A Level Economics H460/01 JUNE 2023 QUESTION PAPER: Microeconomics
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This is the official question paper
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OCR A Level Economics H460/01 JUNE 2023 MARK SCHEME: Microeconomics
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This is the final mark scheme
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OCR A LEVEL ECONOMICS LATEST EXAM 2024 ACTUAL QUESTIONS AND CORRECT ANSWERS|A GRADED
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OCR A LEVEL ECONOMICS LATEST EXAM 2024 ACTUAL QUESTIONS AND CORRECT ANSWERS|A GRADED
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OCR A LEVEL Economics H460/01 JUNE 2022 FINAL MARKSCHEME – Microeconomics.
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OCR A LEVEL Economics H460/01 JUNE 2022 FINAL MARKSCHEME – Microeconomics. 
OCR (Oxford Cambridge and RSA) is a leading UK awarding body, providing a wide range of 
qualifications to meet the needs of candidates of all ages and abilities. OCR qualifications 
include AS/A Levels, Diplomas, GCSEs, Cambridge Nationals, Cambridge Technicals, 
Functional Skills, Key Skills, Entry Level qualifications, NVQs and vocational qualifications in 
areas such as IT, business, languages, teaching/training, a...
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OCR A Level Economics ALL SOLUTION LATEST 2023 EDITION GUARANTEED GRADE A+
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normative statement 
an opinion that cannot be confirmed by referencing facts 
positive statement 
a statement that can be proved by referencing facts 
why are economic models used? 
theories cannot be tested in a controlled environment 
the basic economic problem 
scarcity - consumer wants are always greater than available resources 
opportunity cost 
the next best alternative foregone 
factors of production 
resources used by a firm in production 
list and define the factors of production 
lab...
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OCR A LEVEL Economics H460/01 JUNE 2022 FINAL MARKSCHEME – Microeconomics.
- Exam (elaborations) • 34 pages • 2023
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OCR A LEVEL Economics H460/01 JUNE 2022 FINAL MARKSCHEME – Microeconomics. 
Mark Scheme 
5 
11. Annotations 
Annotation Meaning 
Blank Page – this annotation must be used on all blank pages within an answer bookleadditional object where there is no candidate response. 
Correct – mark awarded 
Incorrect 
Benefit of doubt 
AO1 – Knowledge and understanding 
AO2 – Apply knowledge and understanding 
AO3 - Analyse 
AO4 - Evaluation 
Not answering question 
Noted but no credit given 
Too vag...
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OCR A LEVEL Economics H460/01 JUNE 2022 FINAL MARKSCHEME – Microeconomics.
- Exam (elaborations) • 34 pages • 2023
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OCR A LEVEL Economics H460/01 JUNE 2022 FINAL MARKSCHEME – Microeconomics. 
H460/01 Mark Scheme 
7 
Levels of 
response / 
Level 
descriptors 
Knowledge and 
understanding/ 
Application 
Analysis Evaluation 
Strong 
Precision in the use of the 
terms in the question and 
applied in a focused way to 
the context of the question. 
An explanation of causes 
and consequences, fully 
developing the links in the 
chain of argument. 
A conclusion is drawn weighinsupported judgement. 
Good 
An explana...