DP Economics Questionbank
Market efficiency
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Description
[N/A]Directly related questions
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16N.3.HL.TZ0.2a.iii:
Assuming that there are no restrictions on the importing of bananas into Country A:
Calculate the domestic producer surplus.
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18M.1.SL.TZ1.2b:
Discuss the view that competitive markets will always achieve allocative efficiency.
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18N.3.HL.TZ0.2a.i:
Define the term social (community) surplus.
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18N.3.HL.TZ0.2b.iii:
Calculate the resulting change in producer surplus following the introduction of the subsidy to cotton producers in San Marcus.
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18N.3.HL.TZ0.2a.ii:
Calculate the social (community) surplus in the market for cotton in San Marcus.
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18N.3.HL.TZ0.2b.iv:
Calculate the change in the consumer surplus resulting from the subsidy.
- 19M.1.SL.TZ1.1a: Explain the concepts of consumer surplus and producer surplus.
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19M.1.SL.TZ1.1b:
Examine the view that the best allocation of resources, from society’s point of view, occurs where the marginal private benefit equals the marginal private cost.
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19M.3.HL.TZ0.1e:
Calculate the change in producer surplus resulting from the increase in costs of production.
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19M.3.HL.TZ0.2e.ii:
Calculate the change in social (community) surplus as a result of the increase in demand for oranges.
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19M.3.HL.TZ0.2e.i:
Calculate the change in consumer surplus in Country Z as a result of the increase in demand for oranges.
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19N.3.HL.TZ0.1d.iii:
Using Figure 1, calculate the consumer surplus in Nissos at the market equilibrium.
- 19N.1.SL.TZ0.2a: Explain the view that the best allocation of resources occurs when consumer surplus and producer...
Sub sections and their related questions
Consumer surplus
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18N.3.HL.TZ0.2b.iv:
Calculate the change in the consumer surplus resulting from the subsidy.
- 19M.1.SL.TZ1.1a: Explain the concepts of consumer surplus and producer surplus.
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19M.3.HL.TZ0.1e:
Calculate the change in producer surplus resulting from the increase in costs of production.
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19M.3.HL.TZ0.2e.i:
Calculate the change in consumer surplus in Country Z as a result of the increase in demand for oranges.
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19M.3.HL.TZ0.2e.ii:
Calculate the change in social (community) surplus as a result of the increase in demand for oranges.
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19N.3.HL.TZ0.1d.iii:
Using Figure 1, calculate the consumer surplus in Nissos at the market equilibrium.
Producer surplus
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16N.3.HL.TZ0.2a.iii:
Assuming that there are no restrictions on the importing of bananas into Country A:
Calculate the domestic producer surplus.
-
18N.3.HL.TZ0.2b.iii:
Calculate the resulting change in producer surplus following the introduction of the subsidy to cotton producers in San Marcus.
- 19M.1.SL.TZ1.1a: Explain the concepts of consumer surplus and producer surplus.
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19M.3.HL.TZ0.2e.ii:
Calculate the change in social (community) surplus as a result of the increase in demand for oranges.
Allocative efficiency
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18M.1.SL.TZ1.2b:
Discuss the view that competitive markets will always achieve allocative efficiency.
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18N.3.HL.TZ0.2a.i:
Define the term social (community) surplus.
-
18N.3.HL.TZ0.2a.ii:
Calculate the social (community) surplus in the market for cotton in San Marcus.
-
19M.1.SL.TZ1.1b:
Examine the view that the best allocation of resources, from society’s point of view, occurs where the marginal private benefit equals the marginal private cost.
-
19M.3.HL.TZ0.2e.ii:
Calculate the change in social (community) surplus as a result of the increase in demand for oranges.
- 19N.1.SL.TZ0.2a: Explain the view that the best allocation of resources occurs when consumer surplus and producer...
