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  Question 4: Queen Elizabeth sent many explorers from England to find “The New World”. Write a paragraph of no fewer than 100 words explaining why England needed to send men like Walter Raleigh and Francis Drake to explore the world beyond England.   (5)

5.4. Once married, women stayed the property of their fathers.   (1)

The distinctive characteristic of a Natural Monopoly firm is its:

  Question 1: Read the following passage from brittanica.com and answer the questions that follow. (5)   Ancient Britain Archaeologists in Norfolk found stone tools that suggest the presence of humans in Britain from about 800,000 to 1 million years ago. This is one of the few discoveries that show any evidence of British civilization before the Roman invasion from AD 43.   All that is available on British history are the cultures and economic development after the Romans invaded. But even in Roman times Britain was not seen as civilized. Roman historians only tell of finds during their time in Britain. Britain’s history only emerged during the 5th century AD.   Britain formed part of the continental landmass. Migrating hunters would move freely through the area. The cutting of the land bridge, around 6000–5000 BCE, had an important effect: migration became more difficult.   From the end of the Ice Age (c. 11,000 BCE), there was a gradual warming of the climate leading to the replacement of tundra by forest and instead of red deer and elk for hunting, there were reindeer. All this was discovered at a dig at Star Carr, North Yorkshire, which was occupied for about 20 successive winters by hunting people in the 8th millennium BCE.                                                                                                                                                       [207 words]  

6.2. How were their physical locations different?   (2)

5.2 Women had to stay home, cook, clean and look after the children.   (1)

  The optimal quantity of output (q*) for this Monopolistically Competitive firm to produce is:

Suppose the federal government imposes a minimum wage of $15 per hour in the market.

The Substitution Effect for labor supply is always ______, and the Income Effect on labor supply is normally ______.

Suppose the monopoly market for an HIV treatment drug becomes more competitive after several new companies also develop effective HIV treatment drugs. What is likely to happen to the price of HIV treatment drugs and to the quantity of HIV treatment drugs produced?