A-LevelEconomicsBalance of PaymentsOct/Nov 2010Paper 1 Q301 Mark

In 2008 the Chinese government was under pressure from other countries to reduce its current account surplus on its balance of payments. Which combination of Chinese measures would help to reduce China's current account surplus?

Q: What topic does this question test?

This question tests Balance of Payments in A-Level Economics (syllabus code 9708). It is worth 1 mark.

AChinese rate of tariffs: decrease; Chinese subsidies to the country's exporters: decrease

BChinese rate of tariffs: decrease; Chinese subsidies to the country's exporters: increase

CChinese rate of tariffs: increase; Chinese subsidies to the country's exporters: decrease

DChinese rate of tariffs: increase; Chinese subsidies to the country's exporters: increase

✓ Correct Answer

The correct answer is A: Chinese rate of tariffs: decrease; Chinese subsidies to the country's exporters: decrease

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests Balance of Payments in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2010 examination, Paper 1 Variant 2.

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