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Describe a Time When You Felt Awkward and Out of Place

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Cambridge International Advanced and Advanced Subsidiary Level 9708 Economics November 2009 Principal Examiner Report for Teachers ECONOMICS Paper 9708/11 Multiple Choice (Core) Question Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Key B B D C C A B C C A C C B D C Question Number 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Key C C A C B C A C C D B B C A B General Comments There were 4022 candidates with a mean score on this paper of 15.58. This was a fall from the corresponding exam last year in 2008 when the mean was 18.00. 11 candidates gained full marks. Three questions proved relatively easy i.e. more than 80% of the candidates chose the correct answer, and one proved relatively difficult i.e. less than 25% of the candidates …show more content…

The error of 39% of candidates in Question 10 was to overlook the fact that the provision of goods by the market reflects effective demand rather than consumer needs. The importance of effective demand was recognised by the 42% who chose the correct option C. The correct placing of a maximum price has often proved to be a difficult issue for some candidates. In Question 17, the common mistake of believing it will be effective if placed above the market equilibrium was made by 41% of candidates who believed there would be a surplus in the market (option B). The same 3 © UCLES 2009 Cambridge International Advanced and Advanced Subsidiary Level 9708 Economics November 2009 Principal Examiner Report for Teachers percentage choosing option A, the correct answer, realised that such a placing has no effect on the market equilibrium. There is clearly a need for candidates to be able to distinguish between the analysis of maximum and minimum prices. In Question 20, 32% selected the correct key (C) and these were from among the stronger candidates. The selection of B by a greater percentage suggests the often seen confusion between the terms of trade and the balance of trade. A fall in the exchange rate would be expected to worsen the terms of trade (relatively lower export prices and relatively higher import prices). On the

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