Specialisation & comparative advantage

Country X and Country Y have identical amounts of the factors of production that can be used to produce either canoes or rowing boats. Figure 7 shows the production possibility frontiers (PPFs) for the two countries.

Which one of the following is supported by the data in Figure 7 ?

Extract F (lines 19–20) states: ‘The slowing, or reversal, of globalisation could mean that the benefits of specialisation and foreign direct investment are lost.’ Using the data in the extracts and your knowledge of economics, discuss the view that a slowing, or reversal, of globalisation would be harmful to developing economies such as Vietnam.

Table 3 below shows the amount of coffee or tea that two countries can produce with a given amount of resources.

Which one of the following statements is supported by the data in Table 3 ?

Evaluate the view that international trade always benefits nations.

The table below shows how much of each of two products can be produced by

Which one of the following statements is correct?