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Practice modeIB ECONOMICS · PAPER 1 STYLE · TOPIC 1.1

What is economics?

20 complete question pairs. Each has part (a), worth 10 marks, and part (b), worth 15 marks.

0 with drafts1 hour 15 minutes suggested per pairOriginal practice material · Not an official IB examination
QUESTION 1 OF 20

Answer both parts

SL/HLEasy25 marks

Part (a)

10 marks

Explain why an increase in an economy's resources does not necessarily remove the problem of scarcity.

Part (b)

15 marks

Using real-world examples, discuss the view that technological progress can eliminate the need for economic choices.

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Parts (a) + (b) · 25 marks

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