A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2018 · Q261 Mark

The table shows the production possibilities of cloth and food in four countries using all of their resources. [Table: country, cloth (million units), food (million units) V 40 or 8 X 28 or 4 Y 8 or 2 Z 5 or 5] If the world exchange rate is 1 unit of food for 6 units of cloth, with whom is V likely to trade?

AX and Y

BX only

CY and Z

DZ only

✓ Correct answer

B: X only

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2018 Paper 1 Variant 2, question 26.

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