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a compare gross domestic product and gross national product; Flashcards Preview
L1 20 International Trade and Capital Flows
> a compare gross domestic product and gross national product; > Flashcards
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a compare gross domestic product and gross national product;
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L1 20 International Trade and Capital Flows
Class (10):
International Trade And Capital Flows
A Compare Gross Domestic Product And Gross National Product;
B Describe Benefits And Costs Of International Trade;
C Distinguish Between Comparative Advantage And Absolute Advantage;
D Explain The Ricardian And Heckscher–Ohlin Models Of Trade And The Source(s) Of Comparative Advantage In Each Model;
E Compare Types Of Trade And Capital Restrictions And Their Economic Implications;
F Explain Motivations For And Advantages Of Trading Blocs, Common Markets, And Economic Unions;
G Describe The Balance Of Payments Accounts Including Their Components;
H Explain How Decisions By Consumers, Firms, And Governments Affect The Balance Of Payments;
I Describe Functions And Objectives Of The International Organizations That Facilitate Trade, Including The World Bank, The International Monetary Fund, And The World Trade Organization.