Practise 4.7.2 (HL) Sustainability and poverty in IB Economics HL by reviewing the concepts and applying them to marked questions.
Explain how poverty may have a negative impact on sustainability.
Answers may include:
- Terminology: poverty, sustainability
- Explanation: that sustainability implies the ability of the present generation to meet its needs without compromising the ability of future generations to meet their own needs. These can be in the form of environmental (e.g. overuse of scarce common pool resources, exploitation of natural capital) and/or economic (e.g. low levels of human capital, population growth, limited markets, lack of access to finance for investment, unsustainable debt) sustainability
- Diagram: poverty cycle diagram, negative externalities of production diagram or any other relevant diagram.
| Marks | Level descriptor |
|---|---|
| 0 | - The work does not reach a standard described by the descriptors below. |
| 1-2 | - The response indicates little understanding of the specific demands of the question. - Economic theory is stated but it is not relevant. - Economic terms are stated but they are not relevant. |
| 3-4 | - The response indicates some understanding of the specific demands of the question. - Relevant economic theory is described. - Some relevant economic terms are included. |
| 5-6 | - The response indicates understanding of the specific demands of the question, but these demands are only partially addressed. - Relevant economic theory is partly explained. - Some relevant economic terms are used appropriately. - Where appropriate, relevant diagram(s) are included. |
| 7-8 | - The specific demands of the question are understood and addressed. - Relevant economic theory is explained. - Relevant economic terms are used mostly appropriately. - Where appropriate, relevant diagram(s) are included and explained. |
| 9-10 | - The specific demands of the question are understood and addressed. - Relevant economic theory is fully explained. - Relevant economic terms are used appropriately throughout the response. - Where appropriate, relevant diagram(s) are included and fully explained. |