F585: Gains from Trade

3,215 views · Published 19 June 2016 · 5:26 · Indexed 4 October 2026

Channel: tutor2u · 2016 · Education

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This short revision video takes students through the law of comparative advantage and uses PPF analysis to show how a country such as Malawi could benefit from specialisation and trade with a nation such as Australia. Evaluation would include questioning the assumptions of the basic theory.

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