Edexcel A Level · 9EC0 · Theme 4: A global perspective
4.1.2 Specialisation and trade
Everything you need for questions on specialisation and trade, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Why specialise and trade?
- Comparative advantage on a PPF
- The numbers: how trade raises output
- Assumptions and limitations
- Advantages and disadvantages
- Classic question: should a developing country specialise in its comparative advantage?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Can you beat no trade?
- Where does the theory break down?
- Absolute or comparative?
- Comparative advantage trainer
- Should countries specialise?
- Build the chain
- Exam practice
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