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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Explain how the Lorenz curve and Gini coefficient measure 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 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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Distinguish between income and wealth, and explain why wealth is typically distributed more unequally than income.
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Explain how the Lorenz curve and Gini coefficient measure inequality.
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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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Explain two methods the government can use to reduce inequality besides taxation and transfer payments.
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Explain how progressive taxation and transfer payments work together to reduce income inequality.
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