Globalisation 25 Mark Q

Question 1

Intro

Answer 1

1. Define key terms (and explicitly state the nation you are analyzing if asked)
   2.Outline arguments (e.g For the purposes of this essay)
   3.Sit on the fence but outline the direction of the essay

Question 2

Comparative advantage

Answer 2

1. One likely imapct is …
2. Define
3. Use the table to compare two nations and highlight the absolute advantage
4. Use the opp. cost table to talk about comparative advantage —> how it leads to specialization.
5. Specialization —> Technical EOS, increased output, efficiency, lower average cost for firms which can increase exports, AD, Y, PL which would lead to increased Living standards