IB Economics HL 4.10.3 Interventionist and merit good strategies Question Bank

Answers may include:
- Terminology: economic development.
- Explanation: of the benefits of education and health as merit goods with external benefits for society at large which may impact positively on development, eg greater labour productivity and output, lower unemployment, increased participation of women in the labour force, attractiveness for FDI, control of contagious diseases, links between health care and education
- Diagram: any relevant diagram, eg LRAS shifting to the right, a PPC diagram, a positive externalities of consumption diagram, a Lorenz curve diagram or a poverty cycle diagram.

A maximum of [6] should be awarded if only the importance of education programmes or health programmes is explained.

Assessment Criteria

Marks ..... Level descriptor
0:
- The work does not reach a standard described by the descriptors below.
1-2:
- The response indicates little understanding of the specific demands of the question.
- Economic theory is stated but it is not relevant.
- Economic terms are stated but they are not relevant.
3-4:
- The response indicates some understanding of the specific demands of the question.
- Relevant theory is described.
- Some relevant economic terms are included.
5-6:
- The response indicates understanding of the specific demands of the question, but these demands are only partially addressed.
- Relevant economic theory is partly explained.
- Some relevant economic terms are used appropriately.
- Where appropriate, relevant diagram(s) are included.
7-8:
- The specific demands of the question are understood and addressed.
- Relevant economic theory is explained.
- Relevant economic terms are used mostly appropriately.
- Where appropriate, relevant diagram(s) are included and explained.
9-10:
- The specific demands of the question are understood and addressed.
- Relevant economic theory is fully explained.
- Relevant economic terms are used appropriately throughout the response.
- Where appropriate, relevant diagram(s) are included and fully explained.