EcoHL P1 M06 TZ0

EcoHL P1 M06 TZ0 - 1 hour IB DIPLOMA PROGRAMME PROGRAMME DU...

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IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI PROGRAMA DEL DIPLOMA DEL BI M06/3/ECONO/HP1/ENG/TZ0/XX ECONOMICS HIGHER LEVEL PAPER 1 Monday 8 May 2006 (afternoon) INSTRUCTIONS TO CANDIDATES ± Do not turn over this examination paper until instructed to do so. ± Answer one question. ± Use fully labelled diagrams and real-world examples where appropriate. 1 hour 2206-5101 2 pages 22065101
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M06/3/ECONO/HP1/ENG/TZ0/XX 2206-5101 – 2 – Answer one question. Each question is worth [25 marks]. 1. (a) Carefully distinguish between merit goods, demerit goods and public goods. [10 marks] (b) Evaluate the view that governments should always intervene in markets for such goods as cigarettes and alcohol. [15 marks] 2. (a) Explain the difference between demand-side and supply-side economic policies. [10 marks] (b) “Higher economic growth can only be achieved through the implementation of
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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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EcoHL P1 M06 TZ0 - 1 hour IB DIPLOMA PROGRAMME PROGRAMME DU...

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