A-LevelEconomicsInternational Trade and Global EconomyMay/June 2022Paper 1 Q211 Mark
What will lead to an improvement in the terms of trade?
AExport prices fall by 10% and import prices fall by 5%.
BExport prices fall by 10% and import prices rise by 5%.
CExport prices rise by 5% and import prices rise by 10%.
DExport prices rise by 10% and import prices rise by 5%.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of international trade and global economy within the Economicssyllabus. The examiner's mark scheme requires...
📋 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...
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