A-LevelEconomicsInternational TradeOct/Nov 2015Paper 1 Q211 Mark
A particular good in the Barbados market could be supplied by domestic producers, or producers in Trinidad & Tobago, or producers in the USA, at the prices shown in US dollars. origin of production price Barbados $1.00 Trinidad & Tobago $0.85 USA $0.75 Originally, Barbados had a 20% ad valorem duty on imports from Trinidad & Tobago and the USA. Barbados then formed a customs union with Trinidad & Tobago, with a common external tariff, also of 20%. From which countries would Barbados import the good, before the formation of the customs union and after the formation of the customs union? [Table 21.1]
Abefore: neither, after: Trinidad & Tobago
Bbefore: neither, after: USA
Cbefore: USA, after: Trinidad & Tobago
Dbefore: USA, after: USA
✓ Correct Answer
The correct answer is C: before: USA, after: Trinidad & Tobago
📋 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.
🔒
Unlock the Examiner's Analysis
Sign up for free to reveal the full examiner report, trap analysis, and mark scheme breakdown for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep