Global economy and development
| English | 中文 | Pinyin |
|---|---|---|
| comparative advantage/kəmˈpærətɪv ədˈvæntɪdʒ/ | 比较优势 | bǐ jiào yōu shì |
| sustainable development/səˈsteɪnəbl dɪˈveləpmənt/ | 可持续发展 | kě chí xù fā zhǎn |
A decision you can investigate
- A currency depreciates, making exports cheaper for foreign buyers but imported fuel dearer at home.
- The trade balance need not improve immediately.
Build the explanation
- Trade permits specialisation by comparative advantage 比较优势. Protection changes prices, quantities and distribution.
- Development involves health, education, capabilities and sustainability as well as income; no single indicator captures all of them.
Match the terms to their precise meanings.
Use these definitions in the particular context of Global economy and development.
Work through the evidence
- An exporter paid 100 dollars receives 700 yuan at 7 yuan per dollar and 800 at 8. Imported dollar-priced inputs also become more expensive.
- The net gain depends on input exposure, demand responsiveness and existing contracts.
What additional fact is needed before judging the exporter's gain?
An exporter paid 100 dollars receives 700 yuan at 7 yuan per dollar and 800 at 8. Imported dollar-priced inputs also become more expensive. The net gain depends on input exposure, demand responsiveness and existing contracts.
Test the limits
- Exchange-rate quotations must be explicit. HL quantitative techniques and policy recommendations extend common SL analysis.
- Commentary evaluation should explain the chosen concept and article facts, not retell the article.
Which caution belongs to this particular task?
Exchange-rate quotations must be explicit. HL quantitative techniques and policy recommendations extend common SL analysis. Commentary evaluation should explain the chosen concept and article facts, not retell the article.
The explanation in this lesson makes a conditional claim; relevant context and evidence still matter.
Commentary evaluation should explain the chosen concept and article facts, not retell the article.
Apply and explain your answer
- What additional fact is needed before judging the exporter's gain?
- The cost and share of imported inputs as well as demand for its exports.
Choose the two statements supported by this lesson.
The concept and worked evidence support these claims; the stated limits rule out the universal shortcut.
Use the terms precisely
- comparative advantage: Production at a lower opportunity cost.
- sustainable development 可持续发展: Development that considers future needs and environmental limits.
An exporter paid 100 dollars receives 700 yuan at 7 yuan per dollar and 800 at 8. Imported dollar-priced inputs also become more expensive. The net gain depends on input exposure, demand responsiveness and existing contracts.
Exchange-rate quotations must be explicit. HL quantitative techniques and policy recommendations extend common SL analysis. Commentary evaluation should explain the chosen concept and article facts, not retell the article.
Trade permits specialisation by comparative advantage. Protection changes prices, quantities and distribution.