Paper 3 question on infrastructure, investment, the multiplier and market failure
IB Economics Paper 3 includes two compulsory questions. This is a sample Paper 3 question. The time allowed for Paper 3 is 105 minutes, so students should spend 52.5 minutes on each question. This Paper 3 style question is on infrastructure, investment, the multiplier and market failure. Questions Answers The UK government has just approved plans for a second runway at London’s Gatwick airport. This is a significant...