a) Patterns

0.0(0)
Studied by 0 people
linked notesNote
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/9

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 6:16 PM on 10/1/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai
Chat

No analytics yet

Send a link to your students to track their progress

10 Terms

1
New cards

  • define pattern of trade


  • the composition, direction, and volume of trade


2
New cards

  • define trade creation


  • shifting from high-cost domestic production to low-cost member imports


3
New cards

  • define trade diversion


  • shifting from low-cost non-member imports to high-cost member imports


4
New cards

  • state the factors that influence the pattern of trade


  • comparative advantages

  • emerging economies

  • trading blocs and bilateral trade agreements

  • exchange rate changes


5
New cards

  • state the impact of comparative advantages to patterns of trade


  • composition + direction of trade changes


6
New cards

  • describe how emerging economies impact patterns of trade


  • emerging economies

    • have higher shares of global businesses

    • introduce new comparative advantages


7
New cards

  • state the impact of emerging economies to patterns of trade


  • direction of trade changes


8
New cards

  • describe how trading blocs and bilateral trading agreements impact patterns of trade


  • trade creation

  • trade diversion


9
New cards

  • state the impact of trading blocs and bilateral trade agreements to patterns of trade


  • direction of trade changes


10
New cards

  • state the impact of exchange rate changes to patterns of trade


  • direction + volume of trade changes