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...

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...