Personal Finance and Global Markets · Personal Finance & Global Markets

Comparative Advantage and Global Trade

Explaining why nations trade and how specialization increases global production.

Key Questions

  1. 1How can a country benefit from trade even if it is less efficient at producing everything?
  2. 2What are the domestic consequences of a shift toward global outsourcing?
  3. 3How do tariffs and quotas affect domestic consumers versus domestic producers?

Ontario Curriculum Expectations

ON: International Trade - Grade 10ON: Canadian and World Studies - Grade 10
Grade: Grade 10
Subject: Economics
Unit: Personal Finance and Global Markets
Period: Personal Finance & Global Markets

Suggested Methodologies

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