Professional Documents
Culture Documents
1a) (4 marks)
Distinguish between absolute and comparative advantage
Distinguish between specialisation and the division of labour
Explain the factors promoting globalisation
1b) (6 marks)
Figure 1.1 shows trade as a percentage of GDP for four selected economies. Explain two reasons why
the trade-to-GDP ratio might vary so much between countries
With reference to figure 1.1, analyse the effects of international trade
Analyse how globalisation leads to increased economic efficiency
2a) (4 marks)
Distinguish between growth and development
Explain the relationship between growth and development
With reference to figure 3.1, explain the limitations of HDI as a measure of development
Describe what is meant by resource nationalisation
2b) (6 marks)
Analyse the significance of the changes in Zambia’s terms of trade for its economic development
3) (20 marks)
Discuss the challenges to Zambia’s long run economic growth potential
Discuss how effective the Zambian government has been in order to promote long run economic
growth
Discuss the view that an increase in savings and investment in Zambia is likely to be the most effective
policy in sustaining economic growth