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What does it take to make a 7 in HL Economics?

Most IB students pick HL Economics thinking it is an easy seven that can boost their total score. However, IB economics is one of the most instense courses offered by the IBO. There are five main steps to ta...
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Answered by Youssef M. • Economics tutor
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If a country wishes to depreciate their own currency, how could they do so in terms of monetary policy? List three possible effects depreciating their currency will have on the economy.

This is a question relating to international economics. In order to depreciate the currency, the country would have to use an expansionary monetary policy, as this would increase the supply of their own curr...
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Answered by Silje I. • Economics tutor
3894 Views

How to I approach the 10 mark question on paper 1?

Start by defining the key economic terms which are used in the question. This is absolutely essential. After your definitions move on to the next paragraph. In the second paragraph you need to explain the re...
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26320 Views

Why do firms in perfect competition earn normal profit in the long run

In the long run, all factors of production are variable. Also, two of the assumptions of firms in perfect competition are free entry and exit, as well as perfect resource mobility. In the long run, firms mak...
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Answered by Adriel A. • Economics tutor
111104 Views

Discuss the impacts of a price ceiling on stakeholders

General tips on structure: - This type of question would be a part (b) on a paper 1, so you would first use the DEED method to explain the situation, and then discuss the impacts on stakeholders- The first D...
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24347 Views