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ZIMSEC O-Level Economics

6.16Domestic and foreign trade

Domestic and foreign trade in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Topic190 practice questions10 lessons

In this topic

Lessons

  • Domestic trade: retailers, wholesalers and informal traders

    30 min

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  • Home and foreign trade and specialisation by country

    30 min

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  • Why countries trade: absolute and comparative advantage

    35 min

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  • The balance of trade and the current account

    35 min

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  • The terms of trade: calculating and interpreting

    30 min

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  • Foreign exchange rates: appreciation and depreciation

    40 min

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  • Foreign currency shortages: causes, problems and sources

    30 min

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  • Free trade: meaning, advantages and disadvantages

    30 min

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  • Protectionism: methods, reasons and consequences

    40 min

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  • Economic integration: SADC, COMESA and the African Union

    35 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Domestic and foreign trade: sample question

1 mark

Money sent home to Zimbabwe by Zimbabweans working in South Africa is recorded in the current account as

Choose one answer

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