A-LevelEconomicsInternational economic issues9708/31 · May/June 2020 · Q191 Mark
The African Union consists of 55 developing countries. They agree to adopt a free-trade model to boost trade between member countries.
- (a)In theory what do free-trade models tend to ignore? A absolute advantage in terms of lower factor inputs in production B allocation of resources where comparative cost advantage is greatest C the international division of labour and differences in opportunity cost ratios D transport costs and inefficiencies in the handling of goods and services[1]
Mark scheme
Marking points from the official mark scheme (May/June 2020). The mark or mark type is shown in brackets.
- [1] D
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