Spec 7136
Revise AQA A Level Economics 2.6.2 Trade with the question bank, lessons, revision guides, and flashcards.
The model of comparative advantage. • The distinction between comparative and absolute advantage. • The model shows that specialisation and trade can increase total output. • Other economic benefits of trade, such as the ability to exploit economies of scale and increased competition. • The costs of international trade. • The reasons for changes in the pattern of trade between the UK and the rest of the world.
