The Global Connection · Global Economy
Trade and Specialization
Understanding why nations trade and how specialization leads to increased global efficiency.
Key Questions
- 1Why should a country import goods it could technically produce itself?
- 2How does specialization make a national economy more vulnerable to global shocks?
- 3Who wins and who loses when a new free trade agreement is signed?
ACARA Content Descriptions
AC9HE10K01
Year: Year 9
Subject: Economics & Business
Unit: The Global Connection
Period: Global Economy
Suggested Methodologies
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