4.3.2 - Liberalisation of Trade
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Practice Questions
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What does trade liberalisation involve?
💡 Hint: Think about what makes trade easier.
Can you name a positive effect of trade liberalisation?
💡 Hint: Recall the benefits we discussed.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does trade liberalisation aim to achieve?
💡 Hint: Consider what liberalisation means.
True or False: Trade liberalisation only benefits wealthy countries.
💡 Hint: Think of how developing countries also gain opportunities.
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Challenge Problems
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Evaluate the impact of trade liberalisation on a developing country's economy, considering both benefits and challenges.
💡 Hint: Think of examples from countries that liberalized their economies.
How might a government respond to the challenges posed by trade liberalisation?
💡 Hint: Consider what actions can help local companies compete.
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