We're Open
+44 7340 9595 39
+44 20 3239 6980

[Solved] 1 Explain what is meant by the term, ‘free trade’?

  100% Pass and No Plagiarism Guaranteed

[Solved] 1 Explain what is meant by the term, ‘free trade’?

Economics 2: The World Economy — F86E 35

SCQF level 8

 

Report conventions should be followed as per the Business Department’s house style. Should be approximately 1,500 words. This should be completed by week 10.

 

Report Questions to Research

 

1 Explain what is meant by the term, ‘free trade’?

 

2 Explain absolute and comparative advantage using either a worked example, or an analysis of the changes in the United Kingdom’s (UK) absolute and comparative advantage.

 

3 Identify three gains from trading internationally.

 

4 Explain the terms ‘protectionism’ and ‘barriers to trade’. In your explanation identify why governments might wish to use trade barriers to protect their respective economies.

 

5 Describe the role of the World Trade Organisation (WTO) in the development of free trade.

 

6 Explain the role of one of the following trade blocs:

  • The European Union (EU)
  • The North American free Trade Agreement (NAFTA)
  • The Association of Southeast Asian Nations (ASEAN)

 

7 Referring to UK trade figures from recent years explain the composition of the UK balance of payments.

 

8 What are the general trends in UK trade over the last 30 years? You should refer to the current balance over this period in your response.

 

9 How is the balance of payments affected by exchange rates? You may provide a basic theoretical example or recent case to illustrate this. 


100% Plagiarism Free & Custom Written,
Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

STILL NOT CONVINCED?

View our samples written by our professional writers to let you comprehend how your work is going to look like. We have categorised this into 3 categories with a few different subject domains

View Our Samples

We offer a £ 2999

If your assignment is plagiarised, we will give you £ 2999 in compensation

Recent Updates

Details

  • Title: [Solved] 1 Explain what is meant by the term, ‘free trade’?
  • Price: £ 89
  • Post Date: 2021-10-16T06:31:44+00:00
  • Category: Essays & Coursework
  • No Plagiarism Guarantee
  • 100% Custom Written

Customer Reviews

[Solved] 1 Explain what is meant by the term, ‘free trade’? [Solved] 1 Explain what is meant by the term, ‘free trade’?
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

My order went 3 hours late and I also went mad. Then the customer support team calmed me down and offered me a flat discount of 50%. However, I did get my order and chilled out as the work was exactly what I requested. Next time I would place my order a bit sooner to save any trouble.
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

I had wasted so much money for poor quality work on other sites that I became despair to find a reliable one. I landed on Insta Research and finally, I am fully satisfied after ages from their quality of the work and instant response. Also, the rates are handy. Great going guys!