Related International Baccalaureate Economics essays

1. 

   Growth and Development Problem Set - IB Economics exam questions and answers.

   The presence of high inequalities in income distribution and the persistence of extreme poverty (defined as living on less than US$1 a day) are not only contrary to economic and human development, but can also work against the achievement of economic growth.

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   Old IB Questions

   surplus due to a higher price and lower quantity. The presence of deadweight loss in monopoly indicates that there is economic inefficiency: the sum of consumer plus producer surplus is less in monopoly compared to perfect competition by the amount of deadweight loss.

1. 

   Markets and Price Determination

   As the marginal utility from a product diminishes with extra consumption, it follows that the rational consumer will only demand more of a product if its price falls. A demand schedule = a table showing the quantity of a product demanded at different prices.

2. 

   Economics Commentary on "Price of coffee heats up".

   Some restaurant owners are trying desperately to avoid passing the cost on to customers, often at a price for their employees. "My staff is unfortunately feeling the pinch, because I'm cutting back on their hours and I'm working more hours myself to make up the profitability," said restaurant owner Brad Kent.

1. 

   Use a diagram to show the consequences of government imposing a price above or ...

   For example, the producers would lie about their income as they have sold their product in the black market to make more money. This would lead to tax evasion as well, because they would understate their own income. 2. Evaluate the impact of either rent controls or a minimum wage.

2. 

   Role of ICT for "Make in India" government initiative.

   India has the third largest armed forces in the world with nearly 40% of budget spent on capital acquisition, but the notable point is that 60% of Armed weapons requirements is fulfilled by imports. Indian government?s policy of promoting Self-reliance, Indigenization Upgradation of technology to develop capabilities for exports in

1. 

   15 Historical Economic Questions on Mercatilism and the Development of European Countries.

   Marx predicts that ?the dictatorship of the proletariat? will take place in the form of socialism as a precursor to the eventual complete takeover of the communist system. Why were the classical economists not that concerned about recessions? The key belief within the classical economic school of though is the self-regulating manner of markets.

2. 

   Economic Commentary: Price Floor - A ban on the sale of alcohol below a ...

   But the British Medical Association says it will make little difference. A spokesman for Alcohol Concern said: "The new provision must be welcomed, as it will hopefully make some difference at the very extreme cheap end of the market favoured by street drinkers and the young.