IB 2021 MAY ECONOMICS MICRO, MACRO, INTERNATIONAL IA – GRADE 7

IA1 Micro

Advocates: Raising Georgia’s tobacco tax could cut youth smoking, help state budget

By Tom Corwin
Date : January 29, 2020

Raising Georgia’s low tobacco tax rate could not only curb youth smoking but help fill some holes in the state budget, advocacy groups said.

Raising Georgia’s tax on tobacco products would have a direct impact on youth smoking rates and help raise crucial funds to avoid state budget cuts now proposed, advocacy groups say. Just closing the loophole that lets vaping products avoid the tax now should also help, one advocate said…

IA2 Macro

Brazil cuts interest rate to new low as virus wages

By CGTN
Date : August 6, 2020

Brazil’s central bank cut its benchmark interest rate Wednesday to a new record low, seeking to help Latin America’s biggest economy recover from the coronavirus pandemic.

The bank lowered the Selic rate by a quarter-point, to two percent, and left the door open to one more “small” cut in an easing cycle that has steadily lowered it from 6.5 percent in June 2019…

IA3 International

India imposes provisional duty on certain Indonesian steel products to protect domestic industry

By Rajeev Jayaswal

Date : October 10, 2020

The countervailing duty will not, however, be applicable on certain products such as blade steel used to manufacture razors and coin blanks used in the production of monetary coins, one of the officials working in the finance ministry said

The government has imposed provisional countervailing duty (CVD) on certain flat stainless steel products from Indonesia to protect domestic steel manufacturers from subsidised imports…