2018年5月IB经济SL真题下载-Paper1
Microeconomics
1. (a) Explain how the value of the cross price elasticity of demand (XED) for a particular good is determined by its relationship to other goods.
(b) Examine the significance of both cross price elasticity of demand and income elasticity of demand for a firm.
2. (a) Explain two factors that would lead to an increase in the demand for a product.
(b) Discuss the view that competitive markets will always achieve allocative efficiency.
Macroeconomics
3. (a) Explain how income inequality might be measured in a country.
(b) Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.
4. (a) Explain how expansionary fiscal policy could be used to close a deflationary (recessionary) gap.
(b) Evaluate the view that fiscal policy is the most effective way of achieving long-term economic growth.
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