OCR•A-Level•Economics
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International Trade
Trade theory, trading blocs, and globalisation
Practice 37 subtopics in International Trade. All questions match the OCR A-Level specification.
About International Trade
International Trade is a key topic in the OCR A-Level Economicsspecification. This topic covers trade theory, trading blocs, and globalisation.
Master all 37 subtopics below with unlimited AI-generated questions. Each subtopic page includes sample questions and the ability to generate unlimited practice questions with detailed solutions.
All Subtopics (37)
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Reasons for international tradeSpecialisationAbsolute advantageComparative advantageOpportunity cost ratiosGains from tradeTerms of tradeProtectionismTariffsEffect of tariffsQuotasSubsidies to domestic producersNon-tariff barriersArguments for protectionismInfant industryPreventing dumpingNational securityEmployment protectionArguments against protectionismFree trade areaCustoms unionSingle marketEconomic unionMonetary unionTrade creationTrade diversionWorld Trade Organization (WTO)Definition of globalisationCauses of globalisationTrade liberalisationTechnology improvementsReduced transport costsDeregulation of financeTNCs/MNCsBenefits of globalisationCosts of globalisationWinners and losers
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