IB Economics SL 4.1 Benefits of International Trade Questions

Practise explaining how international trade can increase competition, widen consumer choice and lower prices, using a real IB Economics SL question on trade benefits.

Exam points

Explain how free trade can increase competition, lower prices, widen consumer choice and improve resource allocation.
Use free-trade diagrams or data to explain changes in domestic output, consumption, imports or exports where supported by evidence.
Evaluate benefits of international trade for consumers, producers and the economy, considering competition, market access, scale and adjustment costs.

Covered syllabus points

4.1.1—Benefits of international trade

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