A-LevelEconomicsInternational Trade and FinanceOct/Nov 2016Paper 1 Q251 Mark
The table shows the indices of import prices and export prices of four countries between July 2013 and July 2014. In which countries did the terms of trade improve between July 2013 and July 2014? index of import prices index of export prices July 2013 July 2014 July 2013 July 2014 Brazil 137 139 164 162 China 98 101 99 99 Italy 113 111 113 114 Spain 110 106 111 109
ABrazil and China
BChina only
CItaly and Spain
DItaly only
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of international trade and finance 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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