A-LevelEconomicsInternational Trade and FinanceMay/June 2023Paper 1 Q251 Mark
What will definitely change a country's terms of trade? 1 when the price of imported raw materials increases 2 a change in inflation rates 3 an appreciation of the exchange rate
A1, 2 and 3
B1 and 2 only
C1 and 3 only
D2 and 3 only
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of international trade and finance 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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