Explain (using data from PPCs or tables as appropriate) how specialization according to comparative advantage with appropriate terms of trade can lead to gains from trade.
Standard detail
MKT-1.B.a
Learning Objective
Depth 2Parent ID: FF0A2B0F272445CEB8934369B5D6C9D0Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- MKT-1.B.a
- Standard ID
- 6E42A88D80CC4F4DA50909CA81BA45AF
- ASN identifier
- S21369906
- Subject
- AP Macroeconomics (2022)
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- FF0A2B0F272445CEB8934369B5D6C9D04C717AB676BD48F394B6BF6D0734EB1C
- Source document
- AP Macroeconomics (2022)