Economics Igcse
CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ECONOMICS Paper 1 Multiple Choice May/June 2003 1 hour
Additional Materials: Multiple Choice Answer Sheet Soft clean eraser Soft pencil (type B or HB is recommended)
0455/01
READ THESE INSTRUCTIONS FIRST Write in soft pencil. Do not use staples, paper clips, highlighters, glue or correction fluid. Write your name, Centre number and candidate number on the answer sheet in the spaces provided unless this has been done for you. There are forty questions on this paper. Answer all questions. For each question there are four possible answers A, B, C, and D. Choose the one you consider correct and record your choice in soft pencil on the separate answer sheet. Read the instructions on the answer sheet very carefully. Each correct answer will score one mark. A mark will not be deducted for a wrong answer. Any rough working should be done in this booklet.
This document consists of 12 printed pages.
Ó CIE 2003
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2 1 An unemployed worker accepts a job. Which of the following is the opportunity cost of this decision? A B C D 2 the cost of travel to work the income from the new job the leisure time lost the training in the new job
A hospital cannot treat all the people that need treatment. This is an example of A B C D excess supply. limited wants. scarcity. unlimited resources.
3
Economic growth in Russia and China used to be led by the public sector. Now it results more from activities in the private sector. However, both sectors are important. Which term describes the current system in Russia and China? A B C D market mixed planned subsistence
4
The table shows how employment in five industries changed in a country between 1985 and 2000. 1985 (thousand) banking and finance distribution and catering extraction of minerals manufacturing transport 2336 4678 2278 4102 2550 2000 (thousand) 2881 5323 1794 3128 2304
Additional Materials: Multiple Choice Answer Sheet Soft clean eraser Soft pencil (type B or HB is recommended)
0455/01
READ THESE INSTRUCTIONS FIRST Write in soft pencil. Do not use staples, paper clips, highlighters, glue or correction fluid. Write your name, Centre number and candidate number on the answer sheet in the spaces provided unless this has been done for you. There are forty questions on this paper. Answer all questions. For each question there are four possible answers A, B, C, and D. Choose the one you consider correct and record your choice in soft pencil on the separate answer sheet. Read the instructions on the answer sheet very carefully. Each correct answer will score one mark. A mark will not be deducted for a wrong answer. Any rough working should be done in this booklet.
This document consists of 12 printed pages.
Ó CIE 2003
[Turn over
www.xtremepapers.net
2 1 An unemployed worker accepts a job. Which of the following is the opportunity cost of this decision? A B C D 2 the cost of travel to work the income from the new job the leisure time lost the training in the new job
A hospital cannot treat all the people that need treatment. This is an example of A B C D excess supply. limited wants. scarcity. unlimited resources.
3
Economic growth in Russia and China used to be led by the public sector. Now it results more from activities in the private sector. However, both sectors are important. Which term describes the current system in Russia and China? A B C D market mixed planned subsistence
4
The table shows how employment in five industries changed in a country between 1985 and 2000. 1985 (thousand) banking and finance distribution and catering extraction of minerals manufacturing transport 2336 4678 2278 4102 2550 2000 (thousand) 2881 5323 1794 3128 2304