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(4.) Economics Hl. Paper 1, Techniques.

10 Questions  I  By IBLindman
(4.) Economics HL. Paper 1, techniques.
IB Economics HL. Quiz on how to write the Paper 1.

  
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Question Excerpt

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1.  You have one hour to write your Paper 1. Which of the following is the most appropriate time distribution between the different questions?
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2.  You receive a paper 1 question as follows: "Explain how a firm operating in an oligopolistic market might attempt to increase its market share" What are the key words that should be either defined or explained in your introduction?
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3.  Consider the same question: "Explain how a firm operating in an oligopolistic market might attempt to increase its market share" Which one of the following listed ways would not be relevant to discuss?
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4.  Consider the following question: "Evaluate the view that producers, and not consumers, are the main beneficiaries of oligopolistic market structures" What does the "evaluate" imply about this question?
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5.  Consider this question: "Explain the principle of comparative advantage and the benefits which might arise from free trade" What should the answer include?
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6.  Consider this question: "Explain how development might be measured" Can an answer only containing full exlanations of two different measures access the top mark band?
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7.  Consider this question: "Evaluate the likely effect of a falling rate of inflation on the performance of an economy" The "evaluate" implies that
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8.  Consider this question: "The effect of a decrease in aggregate demand on output and the price level depends on the shape of the aggregate supply curve." Explain this statement. What is probably the best way to start the answer to this question?
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9.  Consider this question: "Evaluate the importance of membership of a trading bloc for the export performance of a country" Is it relevant at all to discuss the importance of other factors for the export performance of a country?
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10.  Consider this question: "Explain the determinants of price elasticity of demand" - A definition of price elasticity of demand is required here.
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