A-LevelEconomicsInternational Trade and Exchange RatesFeb/Mar 2021Paper 1 Q241 Mark
The diagram shows the effect of removing a tariff on imports of good X into country Y. [diagram] What is the volume, in million units, of the extra international trade created by removing the tariff?
A3
B5
C10
D12
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of international trade and exchange rates 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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