IB Economics Free Trade Vs Protectionism
Presentation
•
Social Studies
•
12th Grade - University
•
Easy
David smith
Used 5+ times
FREE Resource
16 Slides • 9 Questions
1
IB Economics Free trade Vs Protectionism
How to model and explain free trade vs Protectionism
2
Complete the tasks on the IBEISA for definitions
scan the code on the window and complete the questions
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Draw
Draw a subsidy and the effect on the market for hats
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Open Ended
What does DASE stand for?
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Complete the tasks on the IBEISA for Applications
Scan the code on the window and answer the tasks
9
Draw
Draw the effect on a market for hats of a quota
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Complete the tasks on the IBEISA-Evaluation
Scan the code on the window and complete the tasks
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Multiple Choice
A voluntary Export restraint is...
When a country voluntarily adds a tariff
When a country voluntarily adds a quota to imports
When a country voluntarily reduces their exports
When a country wins the NBA
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Multiple Choice
Deadweight loss is
family member who is told to leave as they don't pay their fair share
Loss of CS and PS that is gained by the Government
Loss of CS and PS that is gained by the producers
Loss of CS and PS that is not gained by anyone
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Open Ended
Explain why the DWL is where it is in the Tariff diagram
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Multiple Choice
Comparative advantage is
Country producing at a lower production cost
Country producing at a lower opportunity cost
Country producing at a less efficient method
Country ruled by Zharfan
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Open Ended
What do you think Bretton Woods was? (don't look it up...just guess)
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Multiple Choice
A long time ago (in a galaxy far far away) countries including Malaysia fixed the value of their currency to the price of gold...what was this system called?
Gold view system
Gold control system
Gold currency system
Gold standard system
IB Economics Free trade Vs Protectionism
How to model and explain free trade vs Protectionism
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