Paper 3 question on asymmetric information, behavioural economics and tax
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 asymmetric information, behavioural economics, and indirect tax. Questions Insurance claims for theft and accidents are blamed for the high prices customers still pay to insure their vehicles....