A-LevelEconomicsTerms of TradeFeb/Mar 2016Paper 1 Q251 Mark

A country's terms of trade increased from a base year value of 100 to 120 in the following year. If export prices had increased by 50%, what was the change in the price of the country's imports?

Q: What topic does this question test?

This question tests Terms of Trade in A-Level Economics (syllabus code 9708). It is worth 1 mark.

A-30%

B-25%

C+25%

D+30%

✓ Correct Answer

The correct answer is C: +25%

📋 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 Terms of Trade in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Feb/Mar 2016 examination, Paper 1 Variant 2.

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