how do you know....that you know? ....see Webnote 94 in Study Skills!
Syllabus  4.3
arguments for + against protection
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VID 1: Who Supports Free Trade
VID 2: Arguments against Free Trade
Dictionary
3.1 - International Trade

1.     administrative barriers

2.     balance of payments

3.     division of labour

4.     dumping

5.     embargo

6.     environmental standards

7.     exchange controls

8.     free trade

9.     health and safety standards

10.  Import licensing

11.  ‘infant industry’

12.  quota

13.  specialization

14.  tariff

15.  VER

16.  WTO

HL Only

1.     Comparative advantage

2.     Absolute advantage

3.     David Ricardo

4.     Opportunity cost
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