The Global Connection: Trade and Integration · Global Markets

Comparative Advantage and Trade

Understanding why nations trade and how specialization leads to global efficiency.

Key Questions

  1. 1What incentives are driving this behavior in international trade agreements?
  2. 2Who benefits and who bears the costs when a country moves from protectionism to free trade?
  3. 3What trade-offs does this policy create for local manufacturing industries?

ACARA Content Descriptions

AC9HE10K04
Year: Year 10
Subject: Economics & Business
Unit: The Global Connection: Trade and Integration
Period: Global Markets

Suggested Methodologies

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