Economics HL paper 2-2005Answers

Economics HL paper 2-2005Answers - c IB DIPLOMA PROGRAMME...

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c IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI PROGRAMA DEL DIPLOMA DEL BI M05/3/ECONO/HP2/ENG/TZ0/XX/M+ MARKSCHEME May 2005 ECONOMICS Higher Level Paper 2 5 Pages
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- 2 - M05/3/ECONO/HP2/ENG/TZ0/XX/M+ This markscheme is confidential and for the exclusive use of examiners in this examination session. It is the property of the International Baccalaureate and must not be reproduced or distributed to any other person without the authorization of IBCA.
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- 3 - M05/3/ECONO/HP2/ENG/TZ0/XX/M+ Paper Specific Markscheme In addition to the assessment criteria use the paper-specific markscheme below. Award up to the maximum marks as indicated. Each question is worth [10 marks]. 1. Use production possibility curve diagrams to explain the difference between actual output and potential output and between economic growth and economic development. distinction between actual and potential output use of PPC to explain the difference distinction between economic growth and economic development use of PPC to explain the difference. Examiners should be aware that candidates may take a different approach which if appropriate should be fully rewarded. 2. Explain the relationship in the short-run between the marginal costs of a firm and its average total costs.
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This note was uploaded on 02/12/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Whittier.

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Economics HL paper 2-2005Answers - c IB DIPLOMA PROGRAMME...

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