Ib economics Studienführer, Klassennotizen & Zusammenfassungen
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ECS1601 Over 400 Multiple Choice Questions and Answers (All you need for exams and assignments) Searchable Document!
- Prüfung • 208 Seiten • 2022
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ECS1601 Over 400 Multiple Choice Questions and Answers (All you need for exams and assignments) Searchable Document!
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ALL IB Economics SL Terms
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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 - ...
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IB Economics HL|139 Questions with 100% Correct Answers | Verified | Updated 2024
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Ceteris paribus - ️️all other things are being held equal 
 
positive economics - ️️matters of economics that can be proven to be right or wrong by looking at the facts 
 
normative economics - ️️matters of economics that are based upon opinion and so are incapable of being proven to be right or wrong 
 
scarcity - ️️the limited availability of economic resources relative to societys unlimited demand for goods and services 
 
land - ️️the physical factor of production. It con...
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IB Economics HL 2023
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IB Economics HL 2023 
Ceteris paribus - ANS-all other things are being held equal 
positive economics - ANS-matters of economics that can be proven to be right or wrong 
by looking at the facts 
normative economics - ANS-matters of economics that are based upon opinion and so 
are incapable of being proven to be right or wrong 
scarcity - ANS-the limited availability of economic resources relative to societys 
unlimited demand for goods and services 
land - ANS-the physical factor of producti...
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IB Economics - Microeconomics Exam 2023
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IB Economics - Microeconomics Exam 2023...
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IB Economics, Real World Examples Unit 3 (Macroeconomics) for Paper 1
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Complete list of real world examples covering the whole unit 3 of the IB HL Economics course. Excellent to use in Paper 1, for the 15-mark question, that requires to include examples from the real world. The document offers examples for all topics. The document was written in 2022, so most examples are very current (including Brexit and Covid), while others are more historical (1973 oil embargo and DeBeer's monopoly). 
The document originally included all 4 units, so the first page of this docu...
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IB Economics HL 2023
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IB Economics HL 2023 
Ceteris paribus - ANS-all other things are being held equal 
positive economics - ANS-matters of economics that can be proven to be right or wrong 
by looking at the facts 
normative economics - ANS-matters of economics that are based upon opinion and so 
are incapable of being proven to be right or wrong 
scarcity - ANS-the limited availability of economic resources relative to societys 
unlimited demand for goods and services 
land - ANS-the physical factor of producti...
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IB Economics SL/HL Definitions & Calculations EXAM REVISION BUNDLE
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Included is the lists of all the Definitions you need to know for IB Economics SL and HL (Micro, Macro, Global Trade) including a full list of all the calculation and rules needed to know for IB Economics that can help on Papers 2 and 3.
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ECS1601 EXAM PACK 2023
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ECS1601Test bank with answers 
Economics, past exam papers 
Exam-Pack-Index From 
2017-2022, assignment 1, 
assignment 2, .. ..complete 
solutions 
1 
ECS1601 TEST BANK 
Question 1 
In the goods market of the circular flow model, …. 
1) firms buy factors of production from consumers 
2) firms buy finished products from households 
3) consumers buy factors of production from firms 
4) firms sell factors of production to the government 
5) consumers buy finished products from firms Th...
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IB Economics Key Predicted Exam Questions And Correct Answers
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Social Sciencethe study of people in society and how they interact with each other. 
Economicsthe study of how people use their limited resources to try to satisfy 
unlimited wants. 
Microeconomicsthe study of the economic behaviour of households and firms and 
how prices of goods and services are determined. 
Positive Statementa statement about what is. This is an expression that can be 
verified by observation. 
Normative Statementa statement about what ought to be. This is an expression of...
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