2019年11月IB经济SL真题下载-Paper1
Microeconomics
1.(a) Explain two reasons why the demand for manufactured goods might be price elastic.
(b)Evaluate the importance of cross price elasticity of demand for a business selling a good if the price of a related good increases.
2.(a) Explain the view that the best allocation of resources occurs when consumer surplus and producer surplus are maximized.
(b)Discuss the implications of the direct provision of public goods by a government.
Macroeconomics
3.(a) Explain why a reduction in interest rates might lead to an increase in aggregate demand.
(b)Evaluate the view that expansionary monetary policy is the most effective way to achieve economic growth.
4.(a) Explain, using a production possibilities curve (PPC) diagram, an increase in the actual output of an economy.
(b)Discuss the view that economic growth always leads to a rise in living standards.
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