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GCSE
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More cards in this set
Card 16
Front
Define terms of trade
Back
Card 17
Front
How do you calculate terms of trade?
Back
Card 18
Front
What would cause a country’s terms of trade to improve?
Back
Card 19
Front
What would cause a country’s terms of trade to worsen?
Back
Card 20
Front
Define globalisation
Back
Card 21
Front
What has led to an expansion in globalisation?
Back
Card 22
Front
Define comparative advantage
Back
Card 23
Front
Define absolute advantage
Back
Card 24
Front
Define economic growth
Back
Card 25
Front
Define output gap
Back
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