Economics · 2006 · May · Paper 3 · HL · Question paper
EconomicsQuestion paper2006HLMay
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This question paper is listed under Economics in the 2006 examination archive. Its catalogue level is HL. The catalogue session is May. 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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IB DIPLOMA PROGRAMME
PROGRAMME DU DIPLÔME DU BI
PROGRAMA DEL DIPLOMA DEL BI
M06/3/ECONO/HP3/ENG/TZ0/XX
ECONOMICS
HIGHER LEVEL
PAPER 3
Tuesday 9 May 2006 (morning)
INSTRUCTIONS TO CANDIDATES
Do not open this examination paper until instructed to do so.
Answer three questions.
Use fully labelled diagrams and real-world examples where appropriate.
2 hours
2206-5103 11 pages
22065103
M06/3/ECONO/HP3/ENG/TZ0/XX
2206-5103
– 2 –
Answer three questions. Each question is worth [20 marks].
1. Study the extract below and answer the questions that follow.
Drug companies bring hope for HIV/AIDS sufferers
“Industry puts the average cost of developing a new drug at around US$800 million.
Were it not for a patent system that rewards companies for risking millions on research,
anti-HIV/AIDS drugs would not exist”, said World Trade Organization’s ( WTO) director
general, Mike Moore.
95 % of individuals worldwide who are infected with the HIV/AIDS virus live in poor
countries, with almost no access to life-prolonging treatment because of barriers such as the
high cost of drugs.
One possible solution to the high cost of drugs seems to be through differential pricing schemes
that charge poor countries less than the rich. This form of legal price discrimination is
already used for vaccines and contraceptives, with prices as low as 1 % of those in the USA.
Major pharmaceutical companies have recently promised to cut prices to cost levels in Africa.
The aim is to cut the price for HIV/AIDS therapy by as much as 95 %.
The big multinational corporations (MNCs) do not, in theory, object to differential pricing for
their pharmaceutical products. But they still want patent protection and guarantees to prevent
the re-entry of low-priced drugs back to developed countries.
Delay can spell disaster when dealing with HIV/AIDS. A recent forecast sees South Africa
heading for an economic collapse within three generations, as the number of wage-earners
is dramatically reduced and parents die before they can teach their children the basics of
life. Thankfully, the chance of this problem happening was reduced last week, when the
South African government announced a
File information
Subject
Economics
Document type
Question paper
Year
2006
Session
May
Level
HL
Paper
3
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
347 KB
Pages
11
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