top of page
JC Economics Education Centre
Registered with the Ministry of Education (MOE)
Economics Resources
International Trade
- Do you agree that the policy of protecting a domestic market denies an economy the benefits of specialization and should therefore, not be adopted?
- Explain the terms specialization and diversification.
- Explain the theory of comparative advantage.
- To what extent does the theory of comparative advantage explain the pattern of trade between Singapore and the rest of the world?
- Explain why specialization occurs.
- Discuss whether protection offers any advantages over specialisation.
bottom of page