IB Economics Portfolio
-Section4-
This page is a portfolio of works done in section 4 of Economics SL.
Reflection
Below are reflections done in section 4.
Collaboration
-Diigo Contributions
-Blog Comments
Serins’s JAL blog
Definitions
Free trade- it is an international trade that occurs without trade barriers, such as tariff, quotas, and subsidies.
Tariff- it is a tax set on imported goods to protect inefficient domestic industries from foreign competition.
Quota- it is an import barrier that sets upper limit on the quantity or value of imported goods.
Subsidy- it is an amount of money paid by the government to a firm, per unit output, to encourage output and for giving advantage to domestic supplier over foreign competition.
Dumping- it is the selling of good in another country at a lower price than its unit cost of production.
Diagrams
Showcase
Good job on showing your diigo contribution!
I like the idea that you took a screen-shot! its easier to follow and its much more better than only words. great job!:D
Great Work Ansi!