Question 1
Figure 2 illustrates the daily world price of wheat in US dollars (US$) per kilogram from August 2020 to February 2021.
Figure 2
Using the text/data provided and your knowledge of economics, recommend a policy that the government of Turkey could introduce to reduce income inequality.
Possible policies may include (but are not restricted to):
- Increasing the progressivity of direct taxes
- Reducing reliance on indirect taxes
- Implementing or increasing a wealth tax
- Investing more in education
- Investing more in health care
- Investing more in human capital
- Increasing transfer payments (or, conditional cash transfers)
- Provide universal basic income
- Improving access to labour markets
- Measure(s) to improve equality of opportunity
- Policies to reduce discrimination
- Increase the minimum wage
- Any other valid policy.
Assessment Criteria
Recommend-present an advisable course of action with appropriate supporting evidence/reason in relation to a given situation, problem, or issue.
Marks
Level descriptor
0
- The work does not reach a standard described by the descriptors below.
1-2
- The response identifies a policy.
- The response uses no economic theory to support the recommendation.
- Economic terms are stated but are not relevant.
- The response contains no use of text/data to support the recommendation.
- The response contains no evidence of synthesis or evaluation.
3-4
- The response identifies an appropriate policy.
- The response uses limited economic theory to support the recommendation in a superficial manner.
- Some relevant economic terms are included.
- The response contains no use of relevant text/data to support the recommendation.
- The response contains evidence of superficial synthesis or evaluation.
5-6
- The response identifies and explains an appropriate policy.
- The response uses relevant economic theory to partially support the recommendation.
- Some relevant economic terms are used appropriately.
- The response includes some relevant information from the text/data to support the recommendation.
- The response contains evidence of appropriate synthesis or evaluation but lacks balance.
7-8
- The response identifies and fully explains an appropriate policy.
- The response uses relevant economic theory to support the recommendation.
- Relevant economic terms are used mostly appropriately.
- The use of information from the text/data is generally appropriate, relevant and applied correctly to support the recommendation.
- The response contains evidence of appropriate synthesis or evaluation that is mostly balanced.
9-10
- The response identifies and fully explains an appropriate policy.
- The response uses relevant economic theory effectively to support the recommendation.
- Relevant economic terms are used appropriately throughout the response.
- The use of information from the text/data is appropriate, relevant and supports the analysis/evaluation effectively.
- The response contains evidence of effective and balanced synthesis or evaluation.