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Paper2DataResponseand MarchMARKumMark:Thismarkschemeispublishedasanaidtoteachersandcandidates,toindicatetherequirementsoftheexamination.ItshowsthebasisonwhichExaminerswereinstructedtoawardmarks.ItdoesnotindicatethedetailsofthediscussionsthattookceatanExaminers’meetingbeforemarkingbegan,whichwouldhaveconsideredtheacceptabilityofalternativeanswers.Markschemesshouldberead onjunctionwiththequestionpaperandthePr ipalExaminerReportforCambridgewillnotenterintodiscussionsaboutthesemarkCambridgeispublishingthemarkschemesfortheMarch2017seriesformostCambridgeIGCSE®,CambridgeInternationalAandASLevelcomponentsandsomeCambridgeOLevelcomponents.®IGCSEis

consistsof7printed©UCLES [TurnTheUnited(11Services,or e(orInvestmentandDividends) eor(1e,orInterest,(1(13Ifthecandidateprovidesdetailsononecomponente.g.interest,profitsanddividendsthisisnotconsideredasthreecomponentsandcanscore1markum.Foridentificationofarelevant (14Thefactorsthepriceelasticityofdemandfor portsto,andimportsfrom,Vietnam:i.e.whethertheMarshall-Lernerconditionissatisfiedthetimeperiodunderconsiderationi.e.thethepriceelasticityofsupply whetherthedevaluationoftheDongoffsetsthedevaluationoftheyuantariffs,quotasandotherformsofprotectionismifthesearereasedorimposedinresponsetothedevaluationoftheyuantherelativeratesofinflationinVietnamandForexnationofthis (2marksumperPleaseusethetextboxtoshowtheallocationofmarkstoeachpartofthequestion.Foradiagram:1markforcorrectshiftofcurveand1markforthechangeinequilibriumpriceandty(upto2andexnation(1mark)oftheexpectedhelpasaresultofsubsidiesforallVietnamesegoods.(Upto3Foradiagram:1markforcorrectshiftofcurveand1markforthechangeinequilibriumpriceandty(upto2andexnation(1mark)oftheexpectedhelpasaresultoftheboycottofgoods.(Upto3Nodiagram:2marksPleaseusethetextboxtoshowtheallocationofmarkstoeachpartofthequestion.6ThediagramshouldshowanreaseinthesupplyofVietnamesegoodsasaresultofthesubsd afallintheirprice.Anex am.ThediagramshouldshowadecreaseinthedemandforgoodsoranreaseindemandforVietnamesegoodsinthecaseofaboycott.Adiagramshowingbothanreaseinsupplyandadecreaseindemandforgoods/reaseindemandforVietnamesegoodsisanacceptableapproach.ForaclearunderstandingofthePripleofComparativeAdvantagewithduereferencetoloweropportunitycost.(1ForapplicationofthePripleofComparativeshowinghowthepr iplecanbeusedtojustifysupportforinf (Upto3marks)showinghowthepr ipledoesnotjustifysupportforindustriesthatlacktherequiredpotential(Upto36ThePripleofComparativeAdvantagestatesthatcountriesshouldspecialiseintheproductionofthosegoodsthattheycanproduceatthelowestopportunitycost.Thosegoodsthathavethe‘potentialtocompete’couldbeconsideredasinfantindustriesandtheyaretheonesthatcoulddevelopthelowestopportunitycost.Economictheorysuggeststhattheseindustriesshouldbesupported.(4marksumforIfthecandidatejustifiessupportwithoutreferencetothepripleofcomparativeadvantagethen2umforForareasonedconclusionwithreferencetothepripleofcomparativeadvantage Pleaseusethetextboxtoshowtheallocationofmarkstoeachpartofthequestion.publicgoodsintermsofnon-excludability (Upto2privategoodsintermsofexcludabilityandrivalry (Upto2marks)8Publicgoods,ontrasttoprivategoods,arenon-excludableandnon-rival(andnon-rejeprovidedbytheprivatesectortherewouldbetheiderproblemmeaningthatnoprofitcouldbemadefromtheirForapplicationshowingwhyprofitcanbemadeinthesupplyofprivategoods(Upto3marks)butnotinthesupplyofpublicgoodsbecauseofthe-riderproblemthatmeansthatapricecannotbecharged(Upto3(4marksumforForMeritgoodsareunder-consumedbecauseof Thequestionrelatestotheunder-consumptionofmeritgoodsandsuccessfulanswerswillfocusuponthewayinwhichpoliciescanreaseconsumptionasrequired.Referencestopriceareonlyrelevantastheyrelatetothetyumpricessetthepriceofthemeritgoodbelowequilibriumsothatthemeritgood esmoreaffordable.Thiswillmakeconsumersmorewillingtobuy,butashortagewilldevelopsotyconsumedwillactuallyfallunlesstheernmenttakesfurtheractionsuchassubsidising nsaredesignedtoimproveinformationandasaresult reasethedemandforthemeritgood,raisingpriceandleadingtoanextensioninsupply.Theweaknessofthismethodisthatthesenstendtobeexpensiveandtheymaynotbesuccessfulifpoorlydesigned.exininghowumpricesmightworktoreaseprovisionwithduereferencetothestrengthsandweaknessesofthisapproach.(Upto6exininghoweducationnmightworktoreaseprovisionwithduereferencetothestrengthsandweaknessesofthisapproach.(Upto6(8marksumforForevaluationassessingwhichisthemosteffectiveinreasingconsumptionwithduereferencetothestrengthsandweaknesseinedintheysis.(Upto3marks)andprovidingareasonedconclusion(1mark)Forknowledgeandunderstandingoftheconceptofpriceelasticityofsupply8ThesupplyofaproductmightbeinelasticForanaccurateformula (Upto2marks)(Ifnoformulathenallow1markforanunderstandingofwhattheconceptmeasures)Forsomeelaboratione.g.disttionbetweenelasticand (Upto2marks)(4ithasalongproductionTherearefewavailabletosupplyfromThereisashortageofresourcesrequiredtoproduceThetimeperiodunderconsiderationisalsorelevantandcanexacerbatetheaboveForapplicationtoshowthereasonsfortheinelasticityofsupplyofaproduct.Foranyonefactorex (Upto3Soatleast2factorinedrequiredforfullmarksforapplication.(4marksumforForysisofmeasuresthatmightbetakenbybusinessesto reasetheelasticityofsupplyForex ininganyonewayinwhichbusinessesmightattempttoreasetheelasticityofsupplyandanassessmentofthestrengthsandweaknessesofthisapproach (Upto6marks)Candidatesshouldconsiderthecausesofinelasticityandsuggestwaysinwhichbusinessesmightattempttocouncteachone.Forexample,theymightreasestockssothatsupplycanbereasedformstockwhenpricse.Evaluativecommentmightbethatthisisexpensiveandimpracticalrtainproducts.Anothermethodisreasingtherequiredresourcesforexampletraininglabour.Againthismightproveexpensiveandbeimpracticaliftheeconomyisatfullemployment.Sethisrelatestobusinessesratherthanernmentsubsidiesorotherernmentpoliciesarenotrelevant.Measuresthatreasethetydratherthantheelasticityofsupplyshouldnotbecredited.(8marksumforForevaluationassessingwhetherthemeasurestakenarelikelytobesuccessfulwithduereferencetothestrengthsandweaknesseinedintheysis.(Upto3marks)andreachingaconclusiononwhetheranyarelikelytobesuccessful(1mark)Forknowledgeandunderstandingofwhatisusedasmoneyinamoderneconomy(Upto4marks)8Candidatesshouldmakereferencetocashanddeposits.Thereshouldbesomeunderstandingofthevariousformsofnearmoney.Forastatementofwhatmoneyisintermsofgeneralacceptabilityinsettlementofdebt Foranexnationofwhtsasmoneyinamoderneconomy.Cashandbankdeposits. (Upto3marks)ThetyTheoryofMoneyisnotnecessarybutcanbecredited.Candidatesshoulddescribehowanreaseinthemoneysupplycantriggerspendingandcausedemand-pullNoreferencetobankdepositsumof2Forapplicationshowinghowanreaseinthemoneysupplycancauseinflation. Forysisthatex(Upto6(Upto6(8marksumforTheinternalconsequencesludethehaphazardre-distributionof e,thenegativeimpactuponsavingsandinvestment,shoe-leathercostsandcosts.Theexternalconsequencesarethatthegoodsoftheeconomythatexperiencesinflationwill petitivewithconsequencesforthateconomy’sbalanceofpaymentsandexchangerate.Forevaluationassessingthecircumstancesunderwhichtheinternalconsequencesmightbemoreseriousforanopeneconomy(3marks)andludingaconclusionregardingwhetherthisislikelytooccur(1mark)Theexternalconsequencesmightbelessseriousiftherateofinflationinaneconomyislowerthanthatompetitornations.Also,theimpactoftheinflationmightbeoffsetbyadeclineintheexchangerate.(4marks剑桥国际考试剑桥国际高级附属和高级经济学9708/222数据响应和 2017年3月20173IGCSEAASLevel分剑桥OLevel部分的评分方案。IGCSE7UCLES20179708/22AS/ALevel201731(a)(i(11(a)()服务或无形资产(1分)主要收入(或投资收入,或利息、利润和股息)(1分)次要收入或转移(1)3视为三个组成部分,最多可获得1分。1(b)(1)(1)(2)显示问题各部分的分

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