Australia and the Global Economy · Global Trade

Free Trade and Protectionism

Evaluates the arguments for and against trade barriers and the role of comparative advantage.

Key Questions

  1. 1Who benefits and who bears the costs of a trade tariff?
  2. 2What incentives are driving this behavior in domestic manufacturing?
  3. 3What trade-offs does this policy create for international relations?

ACARA Content Descriptions

AC9EC12K10AC9EC12S05
Year: Year 12
Subject: Economics & Business
Unit: Australia and the Global Economy
Period: Global Trade

Suggested Methodologies

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