O-LevelCommerceGlobal tradeOct/Nov 2015Paper 1 Q171 Mark

Which definition describes a trading bloc?

Q: What topic does this question test?

This question tests Global trade in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

Agroup of countries which agree to eliminate all trading restrictions with each other

Bgroup of countries which control supplies of natural resources to influence world prices

Clarge multinational company which tries to monopolise global trade in all its products

Dnumber of companies which deal in similar products and share advertising costs

✓ Correct Answer

The correct answer is A: group of countries which agree to eliminate all trading restrictions with each other

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This O-Level Commerce Question

Topic

This multiple-choice question tests Global trade in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Commerce Oct/Nov 2015 examination, Paper 1 Variant 1.

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