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Practice modeIB ECONOMICS · PAPER 1 STYLE · TOPIC 2.12

The Market’s Inability to Achieve Equity

15 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 15

Answer both parts

SL/HLEasy25 marks

Part (a)

10 marks

Using a circular-flow diagram, explain how unequal ownership of factors of production can generate unequal household income.

Part (b)

15 marks

Using real-world examples, discuss whether free-market earnings necessarily reflect differences in work effort.

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AI feedback

Parts (a) + (b) · 25 marks

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