A-LevelEconomicsBasic Economic Ideas and Resource AllocationMay/June 2020Paper 1 Q21 Mark
What would not be considered a barter transaction?
Acar repairer undertaking the annual service on a plumber's van in return for the plumber fitting a new sink in the car repairer's kitchen
Bconsumer negotiating with a shopkeeper and buying a pair of trousers at US$10 rather than the asking price of US$30
Cgraduate student exchanging a set of textbooks for a radio with a student about to start the course
Dtrain company allowing a phone company to advertise on its trains in return for the right to advertise on the phone company's website
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of basic economic ideas and resource allocation within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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