Macro World Trade Flashcards
1
Q
What is the impact of globalisation on consumer, producers, workers and the environment?
A
2
Q
What is absolute and comparative advantage?
A
3
Q
What does comp ADV and ab ADV look like diagrammatically?
A
4
Q
What are the limitations of comparative advantage?
A
5
Q
What are the restrictions on free trade and why are they used?
A
6
Q
What is the pattern of trade and the factors that influence it?
A
7
Q
What is the terms of trade, how do you calculate it and what are the factors influencing it?
A
8
Q
What are trading blocs and the different types of them?
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9
Q
ADV/DIS ADV of Specialisation
A
10
Q
ADV/DIS ADV of trading blocs
A
