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Economics · 2003 · November · Paper 1 · HL · Question paper

EconomicsQuestion paper2003HLNovember

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This question paper is listed under Economics in the 2003 examination archive. Its catalogue level is HL. The catalogue session is November. The information below helps you identify the document before opening the complete PDF. Subject, year and session labels come from the archive catalogue; the original cover remains the reference if a label differs. A file is not automatically suitable for your current syllabus simply because its subject name matches.

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ECONOMICS HIGHER LEVEL PAPER 1 Thursday 6 November 2003 (afternoon) 1 hour N03/330/H(1) IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI PROGRAMA DEL DIPLOMA DEL BI c 883-034 21 pages INSTRUCTIONS TO CANDIDATES y Do not open this examination paper until instructed to do so. y Answer all the questions. y For each question, choose the answer you consider to be the best and indicate your choice on the answer sheet provided. 1. The basic economic problem is A. whether to produce consumption or investment goods. B. how to distribute income equally. C. what goods to produce, how to produce them and how to allocate them. D. how to enable the market system to produce with the greatest efficiency. 2. The diagram below shows a production possibility curve or frontier for an economy. x y ba c0 Good A Good B What is the opportunity cost of increasing output from 0c to 0y? A. Quantity ax of Good A B. Quantity 0 a of Good A C. Quantity 0 c of Good B D. Area 0 abc of Goods A and B 3. In a particular market, if supply increases when demand remains the same, equilibrium price A. rises and equilibrium quantity decreases. B. rises and equilibrium quantity increases. C. falls and equilibrium quantity decreases. D. falls and equilibrium quantity increases. – 2 – N03/330/H(1) 883-034
File information
Subject
Economics
Document type
Question paper
Year
2003
Session
November
Level
HL
Paper
1
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
159 KB
Pages
21
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