3 marksInternational Trade
CAPE Economics Unit 2 · 2015 · Paper 2 · Question 6(a)(ii)a)
Explain the concept of comparative advantage.
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Practise this questionOther parts of this question
- 6(a)(i)Identify THREE factors which may affect the levels of imports and exports of a country.[3 marks]
- 6(a)(ii)b)Explain the effects of foreign exchange earnings on small open economies.[3 marks]
- 6(b)(i)Define the term 'protectionism'.[2 marks]
- 6(b)(ii)Discuss the infant industry's argument for protection.[4 marks]
- 6(c)(i)Define 'trade liberalization'.[2 marks]
- 6(c)(ii)Discuss TWO benefits of trade liberalization.[8 marks]
More practice: the rest of this paper · more International Trade questions · all CAPE Economics Unit 2 past papers