A-LevelEconomicsInternational Trade and Global EconomyFeb/Mar 2025Paper 1 Q261 Mark
Country X trades with country Y. What are the terms of trade for country X?
Aaverage price of country X's exports divided by the average price of country Y's exports
Bthe ratio of an index of country X's export prices to an index of its import prices
Cvalue of country X's exports divided by the value of country Y's exports
Dvalue of country X's imports divided by the value of country Y's imports
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of international trade and 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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