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M12 2 Econo Sp2 End Tz0 Xx

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M12 2 Econo Sp2 End Tz0 Xx
M12/3/ECONO/SP2/ENG/TZ0/XX

22125113

ECONOMICS
STANDARD LEVEL
PAPER 2
Wednesday 16 May 2012 (morning)
IPVST
INSTRUCTIONS TO CANDIDATES
Do not open this examination paper until instructed to do so.
Answer three questions. Each question is worth [20 marks].
Use fully labelled diagrams and references to the text / data where appropriate.
The maximum mark for this examination paper is [60 marks].

2212-5113

11 pages
© International Baccalaureate Organization 2012

M12/3/ECONO/SP2/ENG/TZ0/XX

–2–
1.

Study the extract below and answer the questions that follow.
EU court rules minimum price for cigarettes illegal
The European Court of Justice has ruled that Ireland cannot impose a minimum price

free market

(This question continues on the following page)

2212-5113

M12/3/ECONO/SP2/ENG/TZ0/XX
(Question 1 continued)

(paragraph
(paragraph

)

).

cigarettes of the ban on tobacco advertising in Ireland.

[2 marks]
[2 marks]

[4 marks]

[4 marks]

evaluate the economic effects of the imposition of a minimum price for cigarettes.

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[8 marks]

Turn over

–4–
2.

M12/3/ECONO/SP2/ENG/TZ0/XX

Study the extract and data below and answer the questions that follow.

(This question continues on the following page)

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–5–

M12/3/ECONO/SP2/ENG/TZ0/XX

(Question 2 continued)

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Turn over

M12/3/ECONO/SP2/ENG/TZ0/XX

–6–
3.

Study the extract below and answer the questions that follow.
Eurozone debt crisis the issue of rising government debt. recession The combination of larger sector has caused higher public debt levels. Eurozone governments have been urged to

in danger of default.

(This question continues on the following page)

2212-5113

M12/3/ECONO/SP2/ENG/TZ0/XX
(Question 3 continued)

(paragraph

)

(paragraph

aging population.

[2 marks]
).

[2 marks]

[4 marks]

[4 marks]

economies in Europe.

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[8 marks]

Turn over

M12/3/ECONO/SP2/ENG/TZ0/XX
4.

Study the extract below and answer the questions that follow.

(This question
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