Free trade diagrams: world price, exports and imports
Overview
#This page will hold IB Vault's notes for “Free trade diagrams: world price, exports and imports”, part of 4.1 Benefits of international trade. The opening paragraph will say what the subtopic covers and why it matters in the exam.
Notes are written from revision notes contributed by students, then edited for accuracy and set in this reading layout. Each section below shows where a part of the finished page will sit.
Key terms
#- Second key term, with its definition
- Third key term, with its definition
Explanation
#The main explanation will run here, in short paragraphs at a comfortable reading length, building from the definition to how the idea is used.
A second paragraph will connect the diagram to the explanation and point out what to draw and label in an answer.
Worked example
#A worked example will show the reasoning step by step, the way a strong answer sets it out.
| Step | What happens | Result |
|---|---|---|
| 1 | Placeholder step | — |
| 2 | Placeholder step | — |
| 3 | Placeholder step | — |
Common mistakes
#Check your understanding
#- A short recall question will appear here
- A second question applying the idea
- A third question linking to another subtopic