A-LevelEconomicsInternational Trade & Global EconomyOct/Nov 2022Paper 1 Q231 Mark
Country X joins a customs union with country Y and will remove the tariff on its imports of good M from country Y. Under which conditions will trade creation in country X be the largest?
Alarge, -0.8
Blarge, -1.4
Csmall, -0.8
Dsmall, -1.4
✓ Correct Answer
The correct answer is B. 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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