IB Economics HL 4.1.2 Hl Absolute and Comparative Advantage Topic Practice

Award [1] for a sketch showing the PPC of Country Y above/further out than for Country X.

Award [1] for a sketch showing the PPC of Country X with a steeper gradient than for Country Y.

NB There is no set position for each of the curves. However, no marks may be awarded unless both curves are downward-sloping.

Level

Marks

0

The work does not meet a standard described by the descriptors below.

1

Vague outline.

The idea that Country X should specialize (in apples) because the opportunity cost is lower OR because specialization should increase output OR that this will increase its consumption possibilities.

2

Accurate outline.

The idea that Country X should specialize (in apples) because the opportunity cost is lower AND because specialization should increase output AND/OR that this will increase its consumption possibilities/increase (global) efficiency/may result in lower prices.

Marking guidance:

OFR applies.