A-LevelEconomicsInternational TradeFeb/Mar 2018Paper 1 Q261 Mark
What is present in a customs union but not in a free trade area?
Acommon external tariff with the rest of the world
Bcommon monetary system
Ccommon system of taxation
Dthe free movement of all goods, services and factors of production
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of international trade 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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