Cambridge AS & A Level Economics
6.1The reasons for international trade
The reasons for international trade in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic66 practice questions3 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 6.1.1Distinguish absolute from comparative advantage.
- 6.1.2Explain the benefits of specialisation and free trade, including the trading possibility curve.
- 6.1.3Explain exports, imports and the terms of trade, including their measurement, the causes of changes and the impact of changes.
- 6.1.4Explain the limitations of the theories of absolute and comparative advantage.
Lessons
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Absolute and comparative advantage
55 min
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Terms of trade
45 min
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The case for and against free trade
55 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
Turn The reasons for international trade into a strength.
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