All ib economics sl terms - Study guides, Class notes & Summaries

ALL IB Economics SL Terms Absolute poverty - ANS-The inability of an individual or a family to afford a basic standard of goods and services, where the standard is absolute and unchanging over time. Absolute poverty is defined in relation to a nationally or internationally determined 'poverty line', which determines the minimum income that can sustain a family in terms of its basic needs. Actual output - ANS-The quantity of output actually produced by an economy. Ad Valorem Taxes - ...

ALL IB Economics SL Terms Absolute poverty - ANS-The inability of an individual or a family to afford a basic standard of goods and services, where the standard is absolute and unchanging over time. Absolute poverty is defined in relation to a nationally or internationally determined 'poverty line', which determines the minimum income that can sustain a family in terms of its basic needs. Actual output - ANS-The quantity of output actually produced by an economy. Ad Valorem Taxes - ...

IB economics international economics SL 2023 free trade - Answer-trade between countries that has no protectionist policies WTO (World Trade Organisation) - Answer-the organisation facilitates and governs international trade between all its members protectionism - Answer-any policy aimed at protecting domestic producers from imports tariff - Answer-a tax on imports administrative barriers - Answer-bureaucratic barriers to restrict trade national security - Answer-protecting domestic pro...

IB ESS SL, Top Exam Questions sections, 100%. Accurate. Rated A+ system - -An entity with at least two components (parts) that are linked and interact in some way. open system - -Allow energy or matter to enter or leave the boundaries of the system. A clear example is the human body. closed system - -allow energy to enter or leave but matter is contained within the boundaries. The Earth is an imperfect example of this. ( Some matter does enter the atmosphere, such as meteorites, or le...

Access the notes which got me a 7 on the IB Economics exam. These detailed and well-structured notes cover all key topics in the IB Economics Standard Level (SL) syllabus, providing a solid foundation for achieving top marks in the exam. This includes all content studied within Micro, Macro and International Economics. Ideal for revisi0n and exam preparation, these notes include definitions of key terms, tables etc.

IB economics international economics SL 2023 free trade - Answer-trade between countries that has no protectionist policies WTO (World Trade Organisation) - Answer-the organisation facilitates and governs international trade between all its members protectionism - Answer-any policy aimed at protecting domestic producers from imports tariff - Answer-a tax on imports administrative barriers - Answer-bureaucratic barriers to restrict trade national security - Answer-protecting domestic pro...