A-LevelEconomicsInternational Trade / ProtectionismOct/Nov 2021Paper 1 Q221 Mark
Which argument for protection would be most relevant if the government of country X decided to exercise voluntary export restraint in its trade with country Y?
AVoluntary export restraint would achieve an immediate correction for X’s balance of trade deficit.
BVoluntary export restraint would cause the level of GDP to increase in country X.
CVoluntary export restraint would help to negotiate improved trading conditions between X and Y.
DVoluntary export restraint would help to reduce the level of unemployment in country X.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of international trade / protectionism 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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