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IB Economics
Unit 1 Introduction to economics
Unit 2 Microeconomics
Unit 3 Macroeconomics
Unit 4 The global economy
4.1 Benefits of international trade
4.2 Types of trade protection
4.3 Arguments for and against trade control/protection
4.4 Economic integration
4.4.1—Preferential trade agreements
4.4.2—Trading blocs
4.4.3—Advantages of trading blocs
4.4.4—Disadvantages of trading blocs
4.4.5—Monetary union
4.4.6—World Trade Organization
4.4.7 (HL)—Trade creation
4.4.8 (HL)—Trade diversion
4.4.9 (HL)—Monetary union evaluation
4.5 Exchange rates
4.6 Balance of payments
4.7 Sustainable development
4.8 Measuring development
4.9 Barriers to economic growth and/or economic development
4.10 Economic growth and/or economic development strategies
IB/Economics/HL//Question Bank/Unit 4 The global economy/4.4 Economic integration/IB Economics HL 4.4.2 Trading Blocs Questions

IB Economics HL 4.4.2 Trading Blocs Questions

Practise IB Economics HL 4.4.2 by explaining trading blocs, regional integration and their effects on trade flows, welfare and policy using marked exam evidence.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Explain trading blocs and regional integration.

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