A-LevelEconomicsInternational TradeMay/June 2014Paper 1 Q201 Mark
A country produces washing machines. The government lowered both the tax on washing machines produced in its country and the quota on imports of foreign washing machines. What is the likely result?
AGovernment revenue increased.
BHome production decreased.
CPrices of foreign washing machines fell.
DThe balance of trade in goods improved.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of international trade 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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