Game Preview

Fun with Graphs!

  •  English    40     Public
    testing knowledge of IB economics graphs
  •   Study   Slideshow
  • Does this graph illustrate the effect of higher interest rates?
    Yes
  •  15
  • What should the purple star be labeled as?
    deflationary gap
  •  20
  • If an economy is at point A on this graph, what does this graph illustrate?
    difference between actual and potential output
  •  25
  • What does this graph illustrate?
    the phillips curve
  •  15
  • What does this graph illustrate?
    comparative advantage
  •  15
  • Which country has the comparative advantage in the production of cheese?
    Poland
  •  20
  • What does this graph illustrate?
    lorenz curve
  •  15
  • Which country has greater inequality?
    Brazil
  •  15
  • What does this graph illustrate?
    effect of a tariff
  •  15
  • What do areas c and f represent?
    welfare loss
  •  20
  • What is domestic production before and after the tariff?
    before q1 after q2
  •  15
  • What is domestic production before and after the tariff?
    before q1 after q2
  •  15
  • What does Q4 represent?
    total production after the tariff
  •  15
  • What does this graph illustrate?
    floating currency
  •  15
  • What does this graph illustrate?
    j curve effect
  •  15
  • What is happening between x and y?
    balance of payments deficit worsens
  •  20