US High School Economics class: Scotch makers toast UK trade deal with India
Trade and Specialisation
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Read our full range of US High School economics picks here.
Specification:
Trade and Specialisation
Click to read the article below and then answer the questions:
Scotch makers toast UK trade deal with India
What is the new tariff level?
How does it affect competition in the whisky market in India?
Who benefited under the old tariff level? Explain. Are they happy about the new trade deal?
What is likely to happen to the average price of whisky over the long term? Explain
Ariel Slonim at MRU’s Econ in the News
Comments