Economics IB past paper questions Structural questions 1. (a) “The price elasticity of demand and the price elasticity of supply for many primary commodities tend to be low.” Explain what is meant by this statement‚ and how this contributes to the problem of price instability for primary commodity producers. [10 marks] (b) Evaluate the view that it is best to allow primary commodity prices to be determined purely through the free interaction of market forces. [15 marks] 2. Explain what
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QUESTIONS. Paper 1 = Core material 50% of final grade Section A – 53 % Section B – 47% A – Knowledge & Comprehension B – Evidence of critical thinking: application‚ analysis‚ synthesis and evaluation C – Organisation (Structure) Strategy: 20 mins + 5 mins planning for each of SAQs questions 50 mins for LAQ question CHOOSING and planning 10 mins for spellcheck Paper 2 = 25% of final grade Two 22 marks LAQs. 5 Optional topics are available‚ with 3 LAQs per topic. Strategy 2 marks every
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Written by: Sevdenur Tural Explanation: This text is an answer for a SL paper 1 question from May 2007 session. PRICE MECHANISM Explain the signaling and incentive functions of price in a market economy. In free Market economy allocation of resources is left to market forces of supply and demand which also can be referred to as price mechanism. And the prices are determined as a result of the interaction of those market forces. Price mechanism enables the market to move to equilibrium
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The Math lab evaluation Have you ever been to a place that is depressing‚ gloomy‚ and absolutely apathetic? If not then by all means make a point to go by and visit the math lab. As a student of the University of South Alabama I have been asked to evaluate the math lab by my supervisor. My supervisor had received various complaints by students‚ for that reason I have been asked to observe the math lab record what I saw and write down any suggestions for change. During this evaluation I will discuss
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INTERNATIONAL BACCALAURÉAT BACHILLERATO c BACCALAUREATE INTERNATIONAL INTERNACIONAL N02/460/S(2)M+ MARKSCHEME November 2002 ENVIRONMENTAL SYSTEMS Standard Level Paper 2 10 pages –5– N02/460/S(2)M+ Subject Details: Environmental Systems SL Paper 2 Markscheme General A markscheme often has more specific points worthy of a mark than the total allows. This is intentional. Do not award more than the maximum marks allowed for part of a question. When deciding upon alternative
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with a scarce supply of resources. d. the study of how unlimited material wants can best be satisfied by allocating limitless amounts of productive resources. e. the study of how capitalism is superior to any other economic system. 2. A student decides that‚ having already spent three hours studying for an exam‚ she should spend one more hour studying for the same exam. Which of the following is most likely true? f. The marginal benefit of the fourth hour is certainly less
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HOW IS MATH USED IN MUSIC? Math can be used in music in many different ways. Music theorists often use mathematics to understand music‚ and although music is evidently abstract in modern mathematics‚ mathematics is “the basis of sound” and sound itself “in its musical aspects exhibits a remarkable array of number properties.” The average person lacking in great knowledge of math and musical theories would not categorize mathematics with music. In actuality‚ math and music are related‚ and we use
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Math Today When We Have Devices Luke A. Douglas Ashford University MAT222: Intermediate Algebra Instructor Robb March 3rd‚ 2014 Math Today When We Have Devices Some think that math has no place in the world‚ and I must admit that I am one of those people. I understand that we do use math everyday but in an age of technology it’s no longer needed as much as it once was; or is it? I theorize that math is still an important tool that we must remain proficient at to keep up with the times
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Australian Identity Good Morning to one and all‚ Thank you for giving me this opportunity today. As this is Australia Day I would like to reflect today on the issue of Identity There are many Australians who say that Australia has no national identity and would be racist if it got one. Ironically‚ such an attitude is a uniquely Australian thing to say. But Australia is a country that has been described‚ as diverse‚ multicultural and unique. Australian society has evolved in a very short space
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Nick so far seems to be intelligent and collected‚ leading me to believe he will flow cleanly through the mud that the plot might throw at him. He should make for an interesting narrator. 5. What images does the author use to describe Jordan Baker? What does it mean? He describes her with a raised chin‚ as if she were balancing something on it which was quite likely to fall. I believe he uses this description to indicate 6. How does Nick react to Jordan? He is stunned by her apparent self-sufficiency
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