Unit 1: Introduction to Economics
Topic 1.2: How Do Economists Approach the World? Questions
Practice 20 exam-style questions for IB Economics Topic 1.2. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
1define2 marks
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Define the term economic model.
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Define the term ceteris paribus.
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The statement "The government should spend more on healthcare" is:
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The statement "The government should spend more on healthcare" is:
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Distinguish between a positive statement and a normative statement.
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Define the term normative statement.
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Distinguish between correlation and causation.
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Define the term positive statement.
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Distinguish between correlation and causation.
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Distinguish between a positive statement and a normative statement.
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Define the term positive statement.
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Define the term normative statement.
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Define the term ceteris paribus.
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Define the term economic model.
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Explain why economists need to distinguish between positive and normative statements.
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A government raises interest rates in January but unemployment does not fall by March. Explain one reason why this does not necessarily mean the policy had no effect.
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