Economics 9708 · AS & A Level · International trade and free trade
Explain the benefits of free trade as indicated by the principle of comparative advantage.
Despite the advantages of free trade, protectionism has recently risen in some developed and developing economies. Discuss the possible reasons for this increase.
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge and understanding of the principle of comparative advantage in terms of lowest opportunity costs. (Up to 2 marks)” …