Trade & Globalisation
What trade & globalisation means
International trade, regional integration and globalisation.
Before you start
Not confident yet? Work through The Ghanaian Economy first.
Worked example
One question from this skill's own question bank, shown with its full working.
Comparative advantage means a country should specialise in goods it can produce
- at a lower opportunity cost than others
- at the highest cost
- without any trade
- only for itself
Working: Specialisation and trade based on comparative advantage raise total output.
Curriculum and exam alignment
Curriculum notes are a general guide to where this work normally sits. Always check the syllabus your school or examination body is currently using.
Related skills
Other Ghana & The Global Economy skills in Development Economics, at the same point in the course.
Other Development Economics topics
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Practise trade & globalisation
6 questions with a worked answer after every attempt, and a SmartScore that tracks how close you are to mastery.