A-LevelEconomicsInternational Trade & Global EconomyOct/Nov 2022Paper 1 Q221 Mark
In which situation will a country's terms of trade improve?
AIts total value of imports rises less than its total value of exports.
BIts volume of imports rises less than its volume of exports.
CThe prices of its imports rise by less than the prices of its exports.
DThe value of its external payments rises by less than the value of its external receipts.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of international trade & global economy 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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