Global economy and development · Economía global y desarrollo
| English | Español |
|---|---|
| comparative advantage/kəmˈpærətɪv ədˈvæntɪdʒ/ | la ventaja comparativa |
| sustainable development/səˈsteɪnəbl dɪˈveləpmənt/ | desarrollo sostenible |
A decision you can investigate
- A currency depreciates, making exports cheaper for foreign buyers but imported fuel dearer at home.
- The trade balance need not improve immediately.
Build the explanation
- Trade permits specialisation by comparative advantage 比较优势. Protection changes prices, quantities and distribution.
- Development involves health, education, capabilities and sustainability as well as income; no single indicator captures all of them.
Match the terms to their precise meanings. · Asocia los términos con sus significados precisos.
Use these definitions in the particular context of Global economy and development. · Usa estas definiciones en el contexto particular de Economía global y desarrollo.
Work through the evidence
- An exporter paid 100 dollars receives 700 yuan at 7 yuan per dollar and 800 at 8. Imported dollar-priced inputs also become more expensive.
- The net gain depends on input exposure, demand responsiveness and existing contracts.
What additional fact is needed before judging the exporter's gain? · ¿Qué dato adicional se necesita antes de evaluar la ganancia del exportador?
An exporter paid 100 dollars receives 700 yuan at 7 yuan per dollar and 800 at 8. Imported dollar-priced inputs also become more expensive. The net gain depends on input exposure, demand responsiveness and existing contracts. · Un exportador que recibe 100 dólares obtiene 700 yuanes a 7 yuanes por dólar y 800 a 8. Los insumos con precio en dólares también se vuelven más caros. La ganancia neta depende de la exposición a los insumos, la respuesta de la demanda y los contratos existentes.
Test the limits
- Exchange-rate quotations must be explicit. HL quantitative techniques and policy recommendations extend common SL analysis.
- Commentary evaluation should explain the chosen concept and article facts, not retell the article.
Which caution belongs to this particular task? · ¿Qué precaución corresponde a esta tarea particular?
Exchange-rate quotations must be explicit. HL quantitative techniques and policy recommendations extend common SL analysis. Commentary evaluation should explain the chosen concept and article facts, not retell the article. · Las cotizaciones de tipos de cambio deben ser explícitas. Las técnicas cuantitativas HL y las recomendaciones de política amplían el análisis común SL. La evaluación del comentario debe explicar el concepto elegido y los hechos del artículo, no narrar nuevamente el artículo.
The explanation in this lesson makes a conditional claim; relevant context and evidence still matter. · La explicación en esta lección formula una afirmación condicional; el contexto y la evidencia relevantes siguen siendo importantes.
Commentary evaluation should explain the chosen concept and article facts, not retell the article. · La evaluación del comentario debe explicar el concepto elegido y los hechos del artículo, no resumir el artículo.
Apply and explain your answer
- What additional fact is needed before judging the exporter's gain?
- The cost and share of imported inputs as well as demand for its exports.
Choose the two statements supported by this lesson. · Elige las dos afirmaciones respaldadas por esta lección.
The concept and worked evidence support these claims; the stated limits rule out the universal shortcut. · El concepto y la evidencia trabajada respaldan estas afirmaciones; los límites establecidos descartan el atajo universal.
Use the terms precisely
- comparative advantage: Production at a lower opportunity cost.
- sustainable development 可持续发展: Development that considers future needs and environmental limits.
An exporter paid 100 dollars receives 700 yuan at 7 yuan per dollar and 800 at 8. Imported dollar-priced inputs also become more expensive. The net gain depends on input exposure, demand responsiveness and existing contracts.
Exchange-rate quotations must be explicit. HL quantitative techniques and policy recommendations extend common SL analysis. Commentary evaluation should explain the chosen concept and article facts, not retell the article.
Trade permits specialisation by comparative advantage. Protection changes prices, quantities and distribution.