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?
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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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