A-LevelEconomicsBalance of PaymentsMay/June 2013Paper 1 Q271 Mark
When is a balance of trade deficit likely to be considered a particularly difficult problem for a country?
Awhen the imported goods are identical to domestic products
Bwhen the imported goods are items of capital equipment
Cwhen the imported goods are the raw material for exports
Dwhen the imported goods are to cover a temporary shortage
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of balance of payments 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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