A-LevelEconomicsInternational Trade & Global EconomyOct/Nov 2022Paper 1 Q221 Mark

In which situation will a country's terms of trade improve?

Q: What topic does this question test?

This question tests International Trade & Global Economy in A-Level Economics (syllabus code 9708). It is worth 1 mark.

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: The prices of its imports rise by less than the prices of its exports.

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests International Trade & Global Economy in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2022 examination, Paper 1 Variant 2.

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