Cambridge International AS & A Level
ECONOMICS 9708/11
Paper 1 Multiple Choice October/November 2021
1 hour
You must answer on the multiple choice answer sheet.
*1952975717*
You will need: Multiple choice answer sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
There are thirty 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 multiple choice answer sheet.
Follow the instructions on the multiple choice answer sheet.
Write in soft pencil.
Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you.
Do not use correction fluid.
Do not write on any bar codes.
You may use a calculator.
INFORMATION
The total mark for this paper is 30.
Each correct answer will score one mark.
Any rough working should be done on this question paper.
This document has 12 pages.
IB21 11_9708_11/RP
© UCLES 2021 [Turn over
, 2
1 A European airline opens a new route to Dubai. It purchases additional aeroplanes, rents
additional landing slots, hires pilots and buys back some of its shares to raise the value of the
firm on the stock market.
What is an example of the factor of production capital?
A aeroplanes
B landing slots
C pilots
D shares
2 Which statement about the behaviour of firms in a planned economy is correct?
A Firms are sent signals to produce through the price mechanism.
B Firms will operate in competitive markets.
C Firms will attempt to make profits for the benefit of shareholders.
D Firms are more likely to consider the private and external costs of production.
3 The table provides information on entrepreneurship among males in three countries in 2013.
percentage of males percentage of males
with access to with access to
training on how to finance to start
start a business (%) a business (%)
Italy 19.1 10.3
Japan 31.3 34.0
Sweden 61.6 49.7
What can be concluded from the table?
A In Sweden, it is easier for male entrepreneurs to get training than finance.
B It is always more difficult for male entrepreneurs to get finance than training.
C Italy provides less money for male entrepreneurs than Japan or Sweden.
D Sweden has more male entrepreneurs than Italy or Japan.
© UCLES 2021 9708/11/O/N/21
ECONOMICS 9708/11
Paper 1 Multiple Choice October/November 2021
1 hour
You must answer on the multiple choice answer sheet.
*1952975717*
You will need: Multiple choice answer sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
There are thirty 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 multiple choice answer sheet.
Follow the instructions on the multiple choice answer sheet.
Write in soft pencil.
Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you.
Do not use correction fluid.
Do not write on any bar codes.
You may use a calculator.
INFORMATION
The total mark for this paper is 30.
Each correct answer will score one mark.
Any rough working should be done on this question paper.
This document has 12 pages.
IB21 11_9708_11/RP
© UCLES 2021 [Turn over
, 2
1 A European airline opens a new route to Dubai. It purchases additional aeroplanes, rents
additional landing slots, hires pilots and buys back some of its shares to raise the value of the
firm on the stock market.
What is an example of the factor of production capital?
A aeroplanes
B landing slots
C pilots
D shares
2 Which statement about the behaviour of firms in a planned economy is correct?
A Firms are sent signals to produce through the price mechanism.
B Firms will operate in competitive markets.
C Firms will attempt to make profits for the benefit of shareholders.
D Firms are more likely to consider the private and external costs of production.
3 The table provides information on entrepreneurship among males in three countries in 2013.
percentage of males percentage of males
with access to with access to
training on how to finance to start
start a business (%) a business (%)
Italy 19.1 10.3
Japan 31.3 34.0
Sweden 61.6 49.7
What can be concluded from the table?
A In Sweden, it is easier for male entrepreneurs to get training than finance.
B It is always more difficult for male entrepreneurs to get finance than training.
C Italy provides less money for male entrepreneurs than Japan or Sweden.
D Sweden has more male entrepreneurs than Italy or Japan.
© UCLES 2021 9708/11/O/N/21
