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IB Economics HL 2.8.4 Common Pool Resources Questions

Practise IB Economics HL 2.8.4 by defining common pool resources, explaining how overuse causes depletion, and analysing resulting market failure with marked exam evidence.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Define common pool resources as non-excludable and rivalrous resources.
  • Explain how overuse of common pool resources causes depletion and unsustainable use.
  • Explain how overuse of common pool resources creates negative externalities, market failure and threats to sustainability.
  • Use demand-and-supply, externality or PPC diagrams to analyse common pool resource depletion and its consequences.

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