Economics class: Britain becomes first European nation to join Pacific trade bloc

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Specification:

• International trade, comparative advantage, trade protection

Click to read the article and then answer the questions:

Britain becomes first European nation to join Pacific trade bloc

• Define trade bloc

• Identify the benefits of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

• Using a tariff diagram, analyse the effects of removing tariffs on trade for i) consumers; ii) producers; and iii) the government

• Evaluate the benefits of free trade

Gavin Clarke, Emmanuel College