25 Data Response Questions
25 Data Response Questions
25 Data Response Questions
COM
ECONOMICS DATA
RESPONSE
QUESTIONS
www.dineshbakshi.com
CONTENTS
Carmakers Porsche and VW to merge ...........................................................................................................................3
14m boost for Michelin factory ...................................................................................................................................4
Supermarkets in competition probe..............................................................................................................................5
Industrial action to cost GM $2bn .................................................................................................................................6
Office supplies battle hotting up ...................................................................................................................................7
Pound hits two-year low vs. dollar ................................................................................................................................8
BMI being taken over by Lufthansa ...............................................................................................................................9
Supermarkets admit milk price fix ...............................................................................................................................10
Growth in the US economy improves..........................................................................................................................11
Japan moves back into deflation .................................................................................................................................12
Nike profits rise on cost-cutting ..................................................................................................................................13
German rail privatisation agreed .................................................................................................................................14
Weaker sales dent Disney profits ................................................................................................................................15
HK feels pressure over pollution .................................................................................................................................16
India inflation nears 4 year high ..................................................................................................................................17
Japan surplus down as US weakens.............................................................................................................................18
Oil firms see big fall in profits ......................................................................................................................................19
Unemployment reaches 11-year high .........................................................................................................................20
Wheat pushes world food prices up ............................................................................................................................21
Bank warns of flat growth ahead.................................................................................................................................22
Hunger in Niger............................................................................................................................................................23
Indian interest rates unchanged ..................................................................................................................................24
Increased Palm Oil production leading to deforestation.............................................................................................25
Zimbabwe inflation hits 165,000% ..............................................................................................................................26
Solar panel farms in Carmarthenshire given green light ..................................................................................................... 27
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1
[2]
Explain the problems that Porsche-Volkswagen may face in merging two different corporate
[6]
cultures.
3
With reference to Porsche, analyse the advantages and disadvantages of organizational growth
[8]
[8]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
More than 1,000 people are employed at the plant, which makes bus
and truck tyres mostly for export to mainland Europe and North
America.
The company said no new jobs would result from the investment, but it
would help underpin existing employment levels and improve efficiency.
Invest Northern Ireland is contributing 2.6m towards the total cost of
the investment in machinery and equipment.
Michelin has been established in Ballymena for almost 40 years, and
Economy Minister Nigel Dodds said the investment "demonstrates the company's continuing commitment to
the area".
He added: "If levels of productivity are to be increased in Northern Ireland, it is essential that local firms focus
on adding greater value to their operations and increasing their export capability."
Source : BBC
Questions
1.
2.
3.
4.
Productivity
b.
Added value
c.
Exports
Explain what benefits might be gained by the local community in Ballymena because of this
investment.
Michelin is a multi-national company. Explain what is meant by a Mulitinational business.
Identify the drawbacks to the country because of Multinational businesses
[2]
[2]
[2]
[6]
[3]
[5]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
The planning system acted as "a costly barrier to entry", making it difficult for new firms to enter the
market.
The major supermarkets had "significant" land holdings, which could block competition.
Supermarkets had occasionally attached restrictive covenants when selling sites.
The major supermarkets' power had increased, and "some aspects of their pricing behaviour - such as
below-cost selling and price flexing - could distort competition".
Source: BBC
Questions
1
[6]
Local convenience stores can be categorised as small businesses. Discuss the importance of small
businesses to the economy.
[4]
[6]
[4]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1.
[2]
2.
[2]
3.
In the article above it is mentioned Strikes at some of its factories. What is meant by Strike?
[2]
4.
[2]
5.
Identify two reasons why Trade Unions may call for an industrial action?
[4]
6.
[8]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Corporate Express will pay about 1.7bn Euros ($2.7bn; 1.4bn) in cash
and shares for Lyreco, which is more than its own market value of 1.4bn
Euros.
The plan was announced in a joint statement by the two companies.
Last week, Corporate Express rejected a $2.47bn takeover from Staples,
saying it undervalued the company.
Corporate Express and Lyreco only deal with businesses while Staples also serves individuals through its stores.
If the merger is approved by shareholders and regulators, the new company will be bigger than Staples in
business-to-business sales in the US, Europe and Asia.
"Although there is a strategic rational to merge with Lyreco, it also illustrates Corporate Express' attitude toward
the Staples offer and that it will do anything to avoid the takeover," said Fernand de Boer, an analyst at Petercam.
Source: BBC
Questions
1.
Merger
[2]
b.
Takeover
[2]
2.
[3]
3.
Explain two benefits which might be achieved by Corporate Express by this planned merger?
[4]
4.
[3]
b.
Customers
[3]
c.
Rival firms
[3]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1.
What is meant by pound has hit its weakest levels against the dollar
[2]
2.
From the article above, what is the reason for the fall in Sterling?
[4]
3.
Apart from the reason stated in the article, identify two other reasons why the value of a currency
[4]
might fall?
4.
5.
Exporters
[3]
b.
Holidaymakers travelling to US
[3]
Explain one way through which the government can control the value of the currency?
[4]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1
What is meant by
a) Shareholder
[2]
b) Takeover
[2]
[4]
[6]
Do you think government should analyse the impact of this takeover. Explain your answer.
[6]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1
[4]
[6]
3
Apart from the example given above, identify two other restrictive practices adopted by firms.
[4]
[6]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1
[2]
[2]
[3]
With reference to the article and your knowledge discuss the factors that might lead to
a growth in GDP.
[8]
[7]
Total: 22
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1.
Unemployment [2]
b.
GDP [2]
c.
Deflation [2]
d.
Consumer prices[2]
2.
3.
4.
With reference to the information given in the extract, comment on the health of Japans economy. [5]
[18 marks]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1.
2.
[3]
3.
[3]
4.
How could Nike manage to achieve higher profits despite a decline in its sales revenue?
[4]
5.
[3]
6.
[7]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1.
[3]
2.
What are the economic arguments for and against privatising Deutsche Bahn.
[8]
3.
[4]
4.
What impact could the privatisation of Deutshce Bahn's passenger and freight services have on
travel industry in Germany.
[5]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
1.
Calculate:
Last years revenue for
a
[2]
[2]
2.
[4]
3.
Visitors were spending less at its theme parks. Identify two reasons for this phenomenon.
[4]
4.
Which form of business organisation is Disney? What evidence is available in the extract to support
your answer?
[3]
[5]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1
[2]
Discuss the social cost faced by Hong Kong due to air pollution.
[6]
Concerned scientists and public policy experts in Hong Kong have formed a group to pressure
the government into taking action over air quality.
a
b
[1]
[4]
[7]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1.
[3]
2.
[5]
3.
Officials in the Farm Ministry are looking forward to the wheat harvest and good harvest in
Australia. Do you think that these factors can affect inflation. Give reasons
[6]
4.
If prices rise and people cannot afford to buy as many goods and services as before what
effects will this have on unemployement?
[6]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1.
Trade Surplus
[2]
b.
Recession
[2]
2.
How do you think high crude oil prices continue to hurt companies revenues?
[6]
3.
State two factors which differentiate a developing country from a developed country?
[4]
4.
[6]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1
[2]
Why are profits important for businesses like Shell and Exxon.
[4]
[2]
Draw a demand-supply graph portraying the new situation in the global oil market. Hint: "There is ample
supply and not enough demand. Quite a turnaround from a year ago.
[4]
What evidence is available from the article that Shell has taken steps to cut costs?
[2]
Identify three advantages a MNC might have over a business much smaller in scale.
Recently many MNC are starting operations in developing countries. Discuss the advantage and
disadvantages these countries might have due to MNCs operating there.
[3]
[6]
[23 marks]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1
Britains economy had probably already entered recession. What type of unemployment is
caused under these conditions?
[2]
According to TUC general secretary countering unemployment must be public policy priority
number one. Discuss the ways through which government could counter unemployment
[8]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1
Export
Demand
[2 marks]
[2 marks]
With the help of a diagram, explain the reasons for the surge in the price of wheat.
[6 marks]
Explain two ways through which government can restrict the export of wheat.
[4 marks]
Do you think that putting restriction on the export of wheat would help the government
achieve its macro-economic objectives?
[8 marks]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
1.
Inflation
[2]
b.
recession
[2]
2.
[3]
3.
[4]
4.
The article says government's official forecast of growth in 2009 of 2.25% to 2.75%.What is
meant by Economic growth?
[3]
5.
An aim of government policy is to achieve economic growth. Explain what benefits economic growth can
bring to a country.
[6]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
HUNGER IN NIGER
Niger is a country where millions are suffering from severe hunger. In fact, the
Government of Niger has estimated at least 2.5 million people dont have enough to
eat. Some 80,000 children are at risk of becoming severely malnourished in the
countrys east and north.
Two things happened last year to trigger the current hunger crisis:
1.
2.
1.
After reading the article above, do you think Niger is a less developed country? Explain.
[3]
2.
[2]
3.
Explain three other differences that you might find between the population of a developed country
and a developing country.
[3]
4.
[6]
5.
If Niger had good natural resources, would the standard of living of its population necessarily be
high?
[6]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Questions
1.
[4]
2.
How will a cut in the interest rate affect the economy. Discuss.
[8]
3.
The current gap between US interest rates and Indian interest is the largest in three years. Discuss the
[8]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
1.
[2]
2.
Identify and explain one example of opportunity cost from the above extract.
[2]
3.
With the help of a labelled diagram show the positions of demand curve for palm oil for different
years stated in the article.
(a) Identify three stakeholders who might be affected by growth of the palm oil
industry.
[5]
4.
(b)
5.
[3]
[3]
You are asked to investigate the economic arguments for and against production of palm oil.
Discuss how helpful you would find the above extract and what further information you would
seek.
[10]
Total marks: 25
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
1.
2.
From the article above, what do you think is the main reason for inflation?
[2]
[2]
b) Apart from the reason stated in 2 (a), Identify and explain two other reasons for inflation in a country.
[4]
3.
[4]
4.
Discuss the ways through which the Government could control inflation in Zimbabwe.
[8]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com
www.dineshbakshi.com
Source: BBC.co.uk
[2 marks]
With the help of a diagram, show the impact of subsidy on the supply of the
solar panels.
[4 marks]
While doing a cost benefit analysis for this project, what factors should
government consider before approving the project?
[8 marks]
[8 marks]
[22 marks]
This Worksheet has been downloaded from www.dineshbakshi.com. Revision notes, crosswords, quizzes, flash games for IGCSE, A Level, IB Diploma
Business Studies, Economics and Accounting. Check out Business studies and economics blog for latest info. www.dineshbakshi.com