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4 marksInternational Trade

CAPE Economics Unit 2 · 2010 · Paper 2 · Question 6(a)

Distinguish between 'absolute advantage' and 'comparative advantage'.

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Other parts of this question

  1. 6(b)Outline THREE arguments in favour of protection that these economists could have used to support their position.[9 marks]
  2. 6(c)Those countries in favour of the agreement with the European Union argued that the region could receive benefits from free trade with Europe. Outline TWO of…[6 marks]
  3. 6(d)Discuss TWO policy options that a country can use in order to correct a trade deficit.[6 marks]

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