DP Economics Questionbank
2.8.1 Socially optimum output
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[N/A]Directly related questions
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18M.1.SL.TZ1.2b:
Discuss the view that competitive markets will always achieve allocative efficiency.
- 18M.1.SL.TZ2.2a: Explain why the exploitation of common access resources, such as uncontrolled fishing, might pose...
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18N.2.HL.TZ0.3b:
Using an externalities diagram, explain how the widespread use of solar panels will decrease the negative externalities of consumption caused by the use of kerosene lamps (paragraph [5]).
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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.
- 19M.1.SL.TZ2.2a: Explain why public transport, such as buses and trains, might be under-provided in a market economy.
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19M.2.HL.TZ0.3c:
Using an externalities diagram, explain how the Chinese infrastructure projects have caused negative externalities (paragraph [6]).
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19N.2.HL.TZ0.3b:
Using an externalities diagram, explain why the percentage of infants receiving measles vaccinations in Nigeria indicates the existence of a market failure (Table 1).
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19N.2.HL.TZ0.4c:
Using an externalities diagram, explain why the garment industry is a source of market failure (paragraph [8]).
- 20N.1.SL.TZ0.1a: Explain how production that causes pollution leads to market failure.
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20N.2.SL.TZ0.3c:
Using an externalities diagram, explain how “greater access to education” for girls in Pakistan could reduce market failure (paragraph [5]).
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20N.2.HL.TZ0.3c:
Using an externalities diagram, explain why “business pollution” is leading to market failure in STP (paragraph [5]).
- 21M.1.SL.TZ2.2a: Explain the concept of positive externalities of consumption.
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21M.2.SL.TZ0.4b:
Using an AD/AS diagram, explain how the construction of the China–Laos railway will contribute to economic growth in Laos (paragraph [1]).
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21M.2.HL.TZ0.3b:
Using an externalities diagram, explain the benefits of hygiene and sanitation education programmes (paragraph [5]).
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21N.1.HL.TZ0.1a:
Explain why merit goods tend to be under-provided in a free market.
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21N.2.SL.TZ0.3c:
Using an externalities diagram, explain how coal-fired power plants in the US might be causing market failure (paragraphs [3] and [4]).
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21N.2.HL.TZ0.4c:
Using an externalities diagram, explain how manufacturing companies in Brazil are contributing to market failure (paragraph [7]).
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22M.2.SL.TZ0.1d:
Using an externalities diagram, explain how dependence on coal could be a source of market failure (Text B, paragraph [3]).
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22M.3.HL.TZ0.2a.i:
Using a diagram and the information above, explain why traffic congestion in India may be considered an example of market failure.
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22M.3.HL.TZ0.2b:
Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of India in order to address the problem of traffic congestion in New Delhi.