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Economics · 2001 · May · Paper 1 · SL · Question paper

EconomicsQuestion paper2001SLMay

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This question paper is listed under Economics in the 2001 examination archive. Its catalogue level is SL. 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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ECONOMICS STANDARD LEVEL PAPER 1 Wednesday 9 May 2001 (afternoon) 1 hour M01/330/S(1) INTERNATIONAL BACCALAUREATE BACCALAURÉAT INTERNATIONAL BACHILLERATO INTERNACIONAL 221-040 19 pages INSTRUCTIONS TO CANDIDATES ! Do not open this examination paper until instructed to do so. ! Answer all the questions. ! For each question, choose the answer you consider to be the best and indicate your choice on the answer sheet provided. 1. Economics is the study of A. income allocation in a context of changing wants. B. how limited resources can be allocated between competing uses to satisfy unlimited wants. C. how social welfare can be increased in a context of limited resources. D. how unlimited resources can be allocated to satisfy limited wants. 2. Which one of the following is a ‘positive’ economic statement? A. The social costs associated with present levels of car usage are too high. B. The imposition of road pricing will discourage car usage. C. Road and petrol taxes should be increased to discourage car usage. D. Alternatives to the car, such as public transport, should be subsidised. 3. The table below shows a competitive market in equilibrium at two periods of time. 340$12Period 2 250$10Period 1 Quantity TradedMarket Price The change from Period 1 to Period 2 could be explained by an increase in A. real incomes of consumers. B. technological progress. C. the cost of credit. D. the cost of raw materials. – 2 – M01/330/S(1) 221-040
File information
Subject
Economics
Document type
Question paper
Year
2001
Session
May
Level
SL
Paper
1
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
159 KB
Pages
19
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