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EcoHL P2 N02 - 3 Explain the effects of inflation on a...

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ECONOMICS HIGHER LEVEL PAPER 2 Monday 4 November 2002 (afternoon) 1 hour N02/330/H(2) IB DIPLOMA PROGRAMME PROGRAMME DU DIPL°ME DU BI PROGRAMA DEL DIPLOMA DEL BI c 882-032 2 pages INSTRUCTIONS TO CANDIDATES ! Do not turn over this page until instructed to do so. ! Answer four questions. ! Use diagrams where appropriate.
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1. What is a positive externality? Give an example and illustrate your answer with a diagram. 2. Why do some oligopolistic firms engage in non-price rather than price competition?
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Unformatted text preview: 3. Explain the effects of inflation on a country&s international competitiveness. 4. Use an aggregate demand / aggregate supply diagram to analyse the likely effects of an increase in income tax. 5. What is a voluntary export restraint and who is likely to benefit from it? 6. Why might a less developed country find difficulty in maintaining stable export revenues? ± 2 ± N02/330/H(2) 882-032...
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