A-LevelEconomicsInternational TradeOct/Nov 2012Paper 1 Q201 Mark
A government believes that it can reduce its trade deficit by the introduction of a tax on an export. When is this likely to be most effective?
Awhen demand for the export is price elastic
Bwhen the exporting country is a member of a customs union
Cwhen the exporting country is the major world supplier of the product
Dwhen the terms of trade of the exporting country are favourable
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of international trade 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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