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?
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. This question tests the candidate's understanding of balance of payments 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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