Unit 4.1 · Benefits of International Trade
Limitations of the Theory of Comparative Advantage (HL only)
AO3HL
Syllabus Requirement
Assumptions such as full employment, constant opportunity cost, and no transport costs may not hold in real-world trade. Gains may also be unequally distributed.
Assessment Objectives
AO3Synthesis and Evaluation
HLThis topic is assessed at Higher Level only.
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