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Economics · 2004 · November · Paper 1 · HL · Question paper

EconomicsQuestion paper2004HLNovember

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This question paper is listed under Economics in the 2004 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 Tuesday 9 November 2004 (afternoon) 1 hour N04/3/ECONO/HPM/ENG/TZ0/XX+ c IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI PROGRAMA DEL DIPLOMA DEL BI 88045101 8804-5101 16 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 can be described as a normative statement? A. The natural rate of unemployment is 4 %. B. Unemployment has fallen in the last year. C. Unemployment is too high. D. The level of inflation has increased in the last year. 2. To an economist, a free good is best described as A. a good which has no opportunity cost. B. a good which is available at no cost to a consumer. C. a good which has a negative opportunity cost. D. a good or service provided by the government. 3. The graph below illustrates the supply of computers in Canada. Price ($) 0 Quantity of computers A B S A movement from A to B may be caused by which one of the following? A. A fall in the price of machinery used to make computers. B. An increase in incomes. C. Increased subsidies to computer manufacturers. D. Improved technology in the computer industry. – 2 – N04/3/ECONO/HPM/ENG/TZ0/XX+ 8804-5101
File information
Subject
Economics
Document type
Question paper
Year
2004
Session
November
Level
HL
Paper
1
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
128 KB
Pages
16
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