Global Markets and Trade · Global Markets

Comparative Advantage

Understanding why nations trade and how specialization increases global consumption possibilities.

Key Questions

  1. 1How can a nation benefit from trade even if it is less efficient at everything?
  2. 2Who benefits and who bears the costs of outsourcing?
  3. 3What trade-offs are made when a country pursues self-sufficiency?

Common Core State Standards

C3: D2.Eco.14.9-12
Grade: 12th Grade
Subject: Economics
Unit: Global Markets and Trade
Period: Global Markets

Suggested Methodologies

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