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IB Economics SL 2.8.6 Evaluating Policy Responses Questions

Practise IB Economics SL 2.8.6 by evaluating taxes, regulation, permits, subsidies and provision for externalities, merit goods and sustainability, with marked exam evidence.

Syllabus
First assessment 2022
Course
Economics SL
Level
SL

Exam points

  • Evaluate indirect taxes, carbon taxes, regulation and tradable permits as responses to negative externalities.
  • Evaluate subsidies, government provision and advertising or education as responses to merit goods and positive externalities.
  • Compare policy effectiveness for sustainability and market failure, considering alternatives and stakeholder consequences.
  • Use diagrams, examples and evaluation criteria to judge whether a policy is the most effective response.

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