Unit 4: The Global Economy
Topic 4.10: Economic Growth and/or Economic Development Strategies Questions
Practice 20 exam-style questions for IB Economics Topic 4.10. 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 trade liberalisation.
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A text says that foreign aid funds a third of Belmare’s health budget.
Define the term foreign aid.
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A text notes that most of Halden’s aid must be spent on goods from the donor country.
Define the term tied aid.
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A text explains that Belmare began a programme of trade liberalisation after 2010.
Define the term trade liberalisation.
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Define the term foreign direct investment (FDI).
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Official development assistance (ODA) refers to:
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A text reports that a foreign mining company has built a smelter in Oredon.
Define the term foreign direct investment (FDI).
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Using real-world examples, evaluate the effectiveness of privatisation in promoting economic growth and economic development.
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Using real-world examples, evaluate the effectiveness of interventionist policies in promoting economic growth and economic development.
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The government pays a monthly cash transfer to the poorest families.
Define the term transfer payments.
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A multinational corporation has opened a phone factory in Ventara.
Define the term multinational corporation.
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Using real-world examples, discuss the view that interventionist policies do more for economic development than market-based policies.
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Using real-world examples, evaluate the view that protecting infant industries is the best way for economically least developed countries (ELDCs) to industrialise.
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Using real-world examples, evaluate the effectiveness of investment in infrastructure in promoting economic development.
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A disadvantage of import substitution industrialisation is that:
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Explain two benefits that trade liberalisation may bring to a developing country.
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Explain two advantages of foreign direct investment (FDI) for a developing country.
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