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EDEXCEL A-LEVEL ECONOMICS B THEME 3 EXAM QUESTIONS AND ANSWERS 100% CORRECT AND UPDATED!
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    EDEXCEL A-LEVEL ECONOMICS B THEME 3 EXAM QUESTIONS AND ANSWERS 100% CORRECT AND UPDATED!

  • Advantages of globalisation (5) - ANSWER Lower prices Benefits of trade Greater employment Large economies of scale Free movement of labour and captial Disadvantages of globalisation (6) - ANSWER Growing inequality Higher structural unemployment Environmental costs Trade imbalances Risk of external shocks Less cultural diversity Absolute advantage - ANSWER When a country can produce a product using fewer factors of production than another nation Comparative advantage - ANSWER A...
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