9708_w18_qp_33.pdf - Cambridge International Examinations...

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This document consists of 11 printed pages and 1 blank page. IB18 11_9708_33/RP © UCLES 2018 [Turn over *1153905680 * Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ECONOMICS 9708/33 Paper 3 Multiple Choice October/November 2018 1 hour 15 minutes Additional Materials: Multiple Choice Answer Sheet Soft clean eraser Soft pencil (type B or HB is recommended) READ THESE INSTRUCTIONS FIRST Write in soft pencil. Do not use staples, paper clips, 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. DO NOT WRITE IN ANY BARCODES. 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 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.
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2 © UCLES 2018 9708/33/O/N/18 1 Which condition must be met for economic efficiency to be achieved? 2 What is a characteristic of a merit good? 3Which statement is correct? 4 When does a consumer achieve maximum total utility (TU), according to marginal utility (MU) theory for two goods, X and Y, with different prices (P)?
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3 © UCLES 2018 9708/33/O/N/18 [Turn over5 The diagram shows a change in a consumer’s budget line from RR to SS. Oproduct Yproduct XRSRSWhat might explain why this occurred? Aa decrease in income and a fall in the price of X Ba decrease in income and a rise in the price of X Can increase in income and a fall in the price of X Dan increase in income and a rise in the price of X 6
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