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Topic 2 Notes

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Topic 2 Notes for HSC 2011 Economics Course. Taught at top performing Eastern Suburbs Private School

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14 Pages Partial Study Notes > 2 Years old
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Topic 2 Notes
Topics this document covers:
Technology Business Social Issues Globalization International relations International trade International economics World Trade Organization Protectionism General Agreement on Tariffs and Trade Export Tariff Dumping Non-tariff barriers to trade
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Technology Business Social Issues Globalization International relations International trade International economics World Trade Organization Protectionism General Agreement on Tariffs and Trade Export Tariff Dumping Non-tariff barriers to trade
Sample Text:
Opportunity cost represents the alternative use of resources. Often referred to as the ‘real’ or ‘economic’ cost, it represents the cost of satisfying one want over an alternative want. Free trade can be defined as a situation where governments impose no artificial barriers to trade that restrict the free ...
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