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Economics · 2003 · November · Paper 2 · SL · Markscheme

EconomicsMarkscheme2003SLNovember

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This markscheme is listed under Economics in the 2003 examination archive. Its catalogue level is SL. 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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MARKSCHEME November 2003 ECONOMICS Standard Level Paper 2 12 pages N03/330/S(2)M+ INTERNATIONAL BACCALAUREATE BACCALAURÉAT INTERNATIONAL BACHILLERATO INTERNACIONALc Section A — Data Response Questions — Paper-Specific Markscheme Question 1: Karnataka Tourism set to gain from admissions fever. Maximum Mark 2 2 Partial Mark 1 2 2 1 1 (a) Explain the meaning of the following terms that appear in bold text in the passage: (i) excess demand (paragraph 2) y demand > supply y demand > supply at existing market price. y accurate diagram (ii) social benefits (paragraph 4). y benefits to the different human stakeholders in the state of Karnataka e.g. businessmen, employees etc. y benefits of producti on and/or consumption, benefits include both private and external benefits. 4 2 1 2 2 (b) (i) Use the information in paragraph 2 to draw a supply and demand diagram to illustrate the admissions’ problem at the I.I.T. Award up to a maximum of [4 marks] . y for a well drawn and labelled diagram y wrong diagram equilibrium at R 30 000 y for showing supply curve as perfectly inelastic y for representing excess demand at 30 000 rupees. Study fees S D 26 000 30 000 127 343 Number of students – 3 – N03/330/S(2)M+
File information
Subject
Economics
Document type
Markscheme
Year
2003
Session
November
Level
SL
Paper
2
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
141 KB
Pages
11
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