Specification point 4.1.2 · Theme 4
International economics · A global perspective
Questions tagged to this specification point
5 questions
Long-form evaluation and discussion
Case study · The cost of living in the UK
Evaluate the microeconomic and macroeconomic effects of a regional trade agreement between the UK and the EU.
Case study · The energy market
Evaluate the microeconomic and macroeconomic advantages for a country specialising in energy production using gas.
Questions built around exam extracts
Case study · Sub-Saharan Africa – growth and development
Using the example of cut flowers (Extract F), discuss how the concept of absolute advantage may lead to growth in Kenya. Use numerical or diagrammatic analysis in your answer.
Focused calculations, explanations and diagrams
With reference to the theory of comparative advantage, explain how CETA may increase the GDP of both the EU and Canada.
Quick checks of economic understanding
Which one of the following is likely to give the US a comparative advantage in steel production? An increase in:
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