Discuss whether the principle of comparative advantage concludes that a movement to free trade will always result in an overall benefit for an economy.

Economics

IGCSE&ALevel

CAIE

Exam No：9708_w21_qp_22 Year：2021 Question No：2(b)

Answer:

6.1.1 distinction between absolute and comparative advantage

6.1.2 benefits of specialisation and free trade (trade liberalisation), including the trading possibility curve

6.1.4 limitations of the theories of absolute and comparative advantage

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