Economics HL paper 2

Economics HL paper 2 - might affect consumers and producers...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ECONOMICS HIGHER LEVEL PAPER 2 Thursday 6 November 2003 (afternoon) 1 hour N03/330/H(2) IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI PROGRAMA DEL DIPLOMA DEL BI c 883-035 2 pages INSTRUCTIONS TO CANDIDATES y Do not turn over this examination paper until instructed to do so. y Answer four questions. y Use diagrams where appropriate.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Each question is worth [10 marks]. 1. Why do the prices of agricultural goods tend to fluctuate (vary) more than those of manufactured goods? 2. A government increases taxation on the sale of tobacco. Using a diagram, explain how this
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: might affect consumers and producers of tobacco. 3. Using a diagram, explain how allocative and productive efficiency will be achieved in long run equilibrium in perfect competition. 4. Why might a countrys current account balance worsen as it approaches full employment? 5. Explain two benefits (gains) which might arise from international trade. 6. Explain two ways in which multinational corporations might hinder the development of less developed countries. 2 N03/330/H(2) 883-035...
View Full Document

Page1 / 2

Economics HL paper 2 - might affect consumers and producers...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online