With reference to the theory of comparative advantage, explain how the Australia–United Kingdom Free Trade Agreement (AUKFTA) may increase the real GDP of both Australia and the UK.
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Markscheme
4.1.2 Specialisation and trade Questions
13 exam-style questions on Edexcel A A Level Economics 4.1.2 Specialisation and trade. Each one has a worked solution and a mark scheme showing where the marks go.