A-LevelEconomicsInternational Trade and FinanceFeb/Mar 2020Paper 1 Q221 Mark
The diagram shows Greece’s trade position with the EU between 2005 and 2014. How does the Greek trade balance with the EU differ in 2014 compared to 2005? [Figure 22.1]
Aan increased deficit
Ban increased surplus
Creduced deficit
Dreduced surplus
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of international trade and finance within the Economicssyllabus. The examiner's mark scheme requires...
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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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