A-LevelEconomicsInternational TradeOct/Nov 2011Paper 1 Q201 Mark
Country X joins an existing customs union comprising countries Y and Z. Country W is outside the customs union. Both X's initial tariff and W's tariff are at the same level as the customs union's common external tariff. What is likely to be the effect on trade flows when X joins the customs union? [Table with columns 'trade between X and W' and 'trade between Y and Z']
Aunchanged
decrease
Bdecrease
decrease
Cunchanged
increase
Ddecrease
increase
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of international trade 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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