100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary International Trade: A* A-level notes £5.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. AQA
  4.  
  5. Economics
  6.  
  7. International Trade

Summary

Summary International Trade: A* A-level notes
 8 views  0 purchase
  • Institution
  • AQA

These notes provide you with all the required knowledge (and some more) on the International Trade topic, for the AQA A-level Economics Paper 2&3

Preview 2 out of 15  pages

Document information

  • June 18, 2022
  • 15
  • 2021/2022
  • Summary

Subjects

Written for

All documents for this subject (1)

Seller

avatar-seller
AlexKKK

Reviews received

Content preview

International Trade


Iitйдт
Higher coupetifinenessprovides incentives for innovations
Difference in access to resources

д China 801 of rare earth resources

To
get foreign currency to be able to buygoods from other
countries
Access to cheapgoods services

Economies of scale
Allows countries to specialise
Greater choice
More efficientallocation of resources


Met early tradepolicy
Balance of Trade surpluses and the acclamation ofprecious metals
goods versus exports of raw materials
Exports of finished
Imports of finished goodsversus imports of raw materials

Mercantilistpolicies tariffs andquotas
Colonialism and war


Theory of an absolute advantage by Adam Smith

tableau outage if it canproduce more of a
than other countries using the want of resources
good sane

, фу Cars Bikes
ИК 2 24 absoluteadvantage in bikes

US 4 10 absoluteadvantage in cars

Outputwill
но в 34
specialisation


Outputwith 8 48
specialisation

Gaius вот 2 14
trade


For UK to benefit I cars 12 bikes

For Us to benefit I car 2.5 bikes
For both to benefit Icar worth between 2.5 and 12bikes

it outofbounds one of the countries is exploited
USA



S
G
a trade



io io so io its bikes


For both countries to benefit the terms of trade must lie between
the twoopportunity costs In this case I car must be worth
between 2,5 and 12 bikes The benefit is distributedevenly when

I car is worth 6 bikes

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AlexKKK. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £5.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53340 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£5.99
  • (0)
Add to cart
Added