Unit 2: Microeconomics
Topic 2.12: The Market's Inability to Achieve Equity Questions
Practice 20 exam-style questions for IB Economics Topic 2.12. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
41 mark
Which of the following is a cause of income inequality?
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Which of the following is a cause of income inequality?
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Distinguish between income and wealth, and explain why wealth is typically distributed more unequally than income.
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Explain two methods the government can use to reduce inequality besides taxation and transfer payments.
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Explain two causes of income inequality within a country.
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Transfer payments by the government (e.g. unemployment benefits, pensions) are designed to:
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Explain how progressive taxation and transfer payments work together to reduce income inequality.
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Explain two methods the government can use to reduce inequality besides taxation and transfer payments.
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Explain how the Lorenz curve and Gini coefficient measure inequality.
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Transfer payments by the government (e.g. unemployment benefits, pensions) are designed to:
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Distinguish between income and wealth, and explain why wealth is typically distributed more unequally than income.
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Distinguish between equity and equality in the context of income distribution.
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The difference between income and wealth is that:
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