Apply the principles of absolute and comparative advantage to explain the increase in world production. Identify the situations in which groups could benefit or lose with free-trade treaties, trading blocs and trade barriers.
Standard detail
Depth 2Parent ID: C5FA9B63968D498E9C1B32AF70B9DC0CStandard set: Grades 9–12: Economics
Original statement
Quick facts
- Statement code
- Standard ID
- FCC7D03FFB714C5CBBD42BB287835B04
- Subject
- Social Studies (2021-)
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- C5FA9B63968D498E9C1B32AF70B9DC0C6324BCD6E8F74EE5BD8436CBE5426919
- License
- CC BY 4.0 US