Economics 9708 · AS & A Level · International trade and free trade

International trade and free trade — practice question

(a)[8]

Explain how the efficient economy can gain from specialisation and trade with the less efficient economy.

(b)[12]

Evaluate the economic reasons that the less efficient economy might put forward to justify protection of its industries.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “A sound grasp of the law of comparative advantage.” …

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