A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2022 · 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

B: large, -1.4

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2022 Paper 1 Variant 2, question 23.

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