Economics SL
IB Questions
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Question 1 of 9
Explain how an increase in the government's budget deficit can affect the circular flow of income in an economy.
Evaluate the potential impacts of trade protectionism on an economy's long-term economic growth.
Question 2 of 9
Explain how a subsidy provided to producers impacts market equilibrium.
Discuss the economic impacts of imposing an import tariff on agricultural goods in a country. Consider different stakeholders such as domestic producers, consumers, and the government.
Question 3 of 9
Explain how a subsidy on renewable energy can increase total welfare and its potential drawbacks.
Discuss whether tariffs are more effective than import quotas in protecting domestic industries.
Question 4 of 9
Explain the impact of tariffs and quotas on international trade.
Evaluate the effectiveness of trade protection policies in achieving economic objectives in developing countries.
Question 5 of 9
Define the concepts of opportunity cost and comparative advantage, and explain how they are related in the context of international trade.
Evaluate the impact of tariff barriers on developing countries’ ability to capitalize on their comparative advantage. Consider both the benefits and drawbacks of such barriers.
Question 6 of 9
International Economics and Trade Policy Analysis.
Explain how a depreciation of a country's currency might influence its balance of payments and inflation rate.
Discuss the potential impacts of trade protection measures such as tariffs and quotas on domestic industries and consumers. Evaluate whether these measures are justified in the context of promoting economic growth.