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Economics · Year not labelled · May · Paper 2 · SL · Markscheme

EconomicsMarkschemeSLMay

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This markscheme is listed under Economics in the subject 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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MARKSCHEME May 2000 ECONOMICS Standard Level Paper 2 M00/330/S(2)M INTERNATIONAL BACCALAUREATE BACCALAURÉAT INTERNATIONAL BACHILLERATO INTERNACIONAL 16 pages Section A – Question 1: Trains in Argentina Maximum Mark 2 2 Partial Mark 1 1 (a) Acceptable definitions of (i) privatisation (public sector assets being transferred to the private sector) vague notion accurate definition (ii) ‘monopolistic character’ (domination by one/few firms) vague notion accurate definition 1(b) They are linked as substitutes/competitive demand 3 2 1 1 1 1 1 1 (c) (i) Accurate axes and lines Shift left of demand curve Price falls (ii) Give [1 mark] each up to a maximum of [2 marks] for candidates who make the following points ! Because of a fall in the price of a substitute ! The demand curve shifts left ! Price falls/quantity supplied contracts 1 2 1 1 (d) (i) Elastic (ii) Because when price falls, TR rises Diagram showing
File information
Subject
Economics
Document type
Markscheme
Year
Not labelled
Session
May
Level
SL
Paper
2
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
133 KB
Pages
8
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