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Economics · 2002 · May · Paper 1 · SL · Question paper

EconomicsQuestion paper2002SLMay

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This question paper is listed under Economics in the 2002 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 Thursday 16 May 2002 (afternoon) 1 hour M02/330/S(1) c IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI PROGRAMA DEL DIPLOMA DEL BI 222-040 21 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. Which one of the following statements best describes the nature of economics? A. The purpose of economics is to improve people’s standard of living. B. The science of economics is about achievi ng a balance between public and private provision of goods and services. C. The purpose of economics is to maximise the efficiency of markets. D. The purpose of economics is to study how limited resources can best be allocated to meet unlimited wants. 2. In economics, a free good is a good that is A. provided free of charge to consumers. . B. communally owned. C. obtained without opportunity cost. D. a gift from nature. – 2 – M02/330/S(1) 222-040
File information
Subject
Economics
Document type
Question paper
Year
2002
Session
May
Level
SL
Paper
1
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
173 KB
Pages
21
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