A-LevelEconomicsInternational Trade and FinanceMay/June 2023Paper 1 Q261 Mark
The world consists of two countries, M and N. The graphs show their production possibilities for wheat and rice. [Figure 26.1] Countries M and N operate on their production possibility curves and, before specialisation, country M produces 60 units of wheat and country N produces 30 units of wheat. What will be the change in the world output of rice if both countries decide to specialise according to comparative advantage?
AIt will fall by 5 units.
BIt will fall by 30 units.
CIt will rise by 5 units.
DIt will rise by 30 units.
✓ 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...
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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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