CourseCourseConceptConceptDocsDocuments

IB Economics HL 2.8.5 Responses to Externalities and Common Pool Resource Problems Questions

Practise IB Economics HL 2.8.5 by evaluating taxes, permits, regulation, collective action, subsidies and provision as responses to externalities and resource problems with marked evidence.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Evaluate taxes, tradable permits and regulation as responses to negative externalities and resource depletion.
  • Explain how collective self-governance, international agreements and property-rights approaches can address common pool resource problems.
  • Evaluate subsidies, government provision and education as responses to positive externalities and merit goods.
  • Use externalities diagrams and data to analyse how policy can move outcomes towards the social optimum.

No Questions Yet

Questions will appear here when available.