EcoHL P1 N05 TZ0 - [15 marks 2(a Explain the relationship...

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IBO IB DIPLOMA PROGRAMME P R O G RA M M E D U DIPLOME D U B I PROGRAMA DEL DIPLOMA DEL BI ECONOMICS HIGHER LEVEL PAPER 1 Monday 14 November 2005 (afternoon) 1 hour 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.
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N05/3/ECONO/HP1/ENG/TZ0/XX 8805-5101 – 2 – Answer one question. Each question is worth [25 marks]. 1. (a) Explain the differences between monopolistic competition and oligopoly as market structures. [10 marks] (b) Discuss the differences between a collusive and a non-collusive oligopoly.
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Unformatted text preview: [15 marks] 2. (a) Explain the relationship between the Lorenz Curve and the Gini CoefFcient. [10 marks] (b) Evaluate the effectiveness of the various methods that governments may use to redistribute income. [15 marks] 3. (a) Explain the concepts of trade creation and trade diversion. [10 marks] (b) Evaluate the advantages and disadvantages of joining a trading bloc. [15 marks] 4. (a) Explain two signiFcant barriers to economic growth in LDCs. [10 marks] (b) Evaluate strategies that may be used to overcome the two barriers identiFed in (a). [15 marks]...
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