IB Economics HL 4.2.4 Administrative Barriers Questions
Practise 4.2.4 Administrative barriers in IB Economics HL by reviewing the concepts and applying them to marked questions.
- Syllabus
- First assessment 2022
- Course
- Economics HL
- Level
- HL
Exam points
- Administrative barriers include standards and regulations
- They can restrict trade without using tariffs or quotas directly
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IB Economics HL 4.2.4 Administrative Barriers Questions question 1
[Maximum number: 1]
Country X and Country Y are capable of producing both apples and bananas. Assume a two-country, two-product model.
Country Y has absolute advantage in the production of both apples and bananas, and comparative advantage in the production of bananas.
State one administrative barrier that Country Z could use in order to restrict imports.
Tanya is a currency speculator. She buys and sells currencies with the intention of making gains as a result of changes in the exchange values of currencies. Currently, she is holding US $300000, but she expects that in the next few months the euro (EU€) (the currency of the eurozone) will appreciate against the US dollar (US$).
At present, EU€1 = US$1.20.
Administrative barriers may include:
- requirements for packaging/labelling
- health/safety/inspection procedures
- changes in permitted specifications for a product
- increased bureaucracy.
Marking guidance:
Award [1] for stating one administrative barrier.
Any other reasonable response should be rewarded.
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