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SingaporeEconomicsQuick questions
International Trade and Globalisation
Quick questions on Comparative advantage and the gains from trade explained: H2 Economics
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Distinguish absolute from comparative advantage. [2 marks]
What is q2?Show answer
Explain why a country with an absolute advantage in both goods can still gain from trade. [3 marks]
What is q3?Show answer
State the condition on the terms of trade for both countries to gain. [2 marks]
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