Paper 2 question on market failure and indirect taxation
IB Economics Paper 2 includes two questions, and students need to choose one. This is a sample Paper 2 question. The time allowed for Paper 2 is 105 minutes, so students should spend 105 minutes on this question. This Paper 2 style question is on market failure and indirect taxation. The government's first tax increases of the new year were introduced on fixed taxes on cigarettes and alcoholic beverages, the Turkish...