2015年5月IB经济SL真题下载-Paper1
Microeconomics
1. (a) Explain why governments impose price floors (minimum prices).
(b) Discuss the consequences for producers, consumers and the government of imposing a price floor (minimum price) on a good.
2. (a) Explain the view that an increase in price will lead to a decrease in the quantity demanded whilst an increase in demand will lead to an increase in price.
(b) Discuss the significance of price elasticity of demand for government intervention in markets.
Macroeconomics
3. (a) Explain the effect of a rise in taxation and a fall in government expenditure on the circular flow of income of an economy.
(b) Evaluate the effectiveness of fiscal policy to reduce the rate of inflation.
4. (a) Explain how business spending on research and development and government expenditure on infrastructure might shift the long-run aggregate supply curve.
(b) Evaluate the effectiveness of interventionist supply-side policies to achieve economic growth.
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