IB skill practice

Analyse international trade and comparative advantage

Economics SL global economy skill with original exam-style diagram, data-response, and evaluation seeds.

Paper 1, Paper 2 5 marks Difficulty 3

Analyse gains from trade

A local Australian development-policy briefing shows a small economy importing tablets at a world price below its domestic equilibrium price. Explain the consumer and producer effects. Enter the answer and choose the interpretation that best matches the global-economy evidence.

Worked practice: economic evidence and answer

Identify the economic evidence first, then state the result and interpretation.