I had a question regarding part g of P-2, is it not right to quote lines from the case to justify one's views analyse and evaluate a situation?
Paper 2 guidanceHello, Mark: For question (c), if my understanding is correct, you placed the optimal price above P1, as this is the corrective or target price, especially if indirect taxes are imposed to reduce or eliminate welfare loss, right? Since the question...
Paper 2 question on market failure and indirect taxationThe pdf questions and answers have been added Kristina. Thanks, Alex
Paper 2 question on tariffs, administrative barriers, AD and ASHi, can you please upload also pdf version of question and markscheme?Thanks. Regards. Kristina
Paper 2 question on tariffs, administrative barriers, AD and ASBut yes, now when I see the answer directly on the page, I see it's written correctly.
Merit and demerit goods revision sheetWhen I see the answer sheet, this is what I get: "It can be calculated by the formula external cost minus external cost."
Merit and demerit goods revision sheetMorning Mark, wouldn't it be helpful to have this video up here too? https://www.youtube.com/watch?v=qYKJdooEnwU
Costs of production (HL only)Hello! I have a question about the diagrams for Activity 6. Are these diagrams for the market of tradable permits or for the market of the product the production of which involves pollution? My understanding is that this is a diagram for the product....
Unit 2.8: Demerit goods / negative externalitiesI agree Andres, but if you look closely this is what I have written.
Merit and demerit goods revision sheet
Alex
Site authorHi Aparna, Yes, students should clearly quote sections from the text to support their different sections from their answers. This is what the markscheme says: 'use of the text/data is applied effectively' to reach top level 5 [13-15]. Without use...
Paper 2 guidance