How can I achieve a top grade?

Economics is all about models involving assumptions and diagrams. So whenever you're answering a question, you must identify the assumptions relating to it, draw a diagram illustrating your argument and give a detailed explaination of the diagram. Top mark answers will further include examples and evaluation of the economic theories and policies.

SY
Answered by Selma Y. Economics tutor

3003 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

Using at least one diagram, explain the difference between demand-pull and cost-push inflation.


Explain the difference between marginal returns to factor and returns to scale?



How does GDP perform as an indicator of economic welfare?


Work out the price elasticity of demand of Coca Cola when the demand rises from 1 million to 2 million following a price decrease of £1.50 to £1.35. Is this price elastic or price inelastic?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning