A-LevelEconomicsInternational TradeFeb/Mar 2017Paper 1 Q261 Mark
The US President signed a trade agreement which allowed more duty-free access to the US market for Latin American and Caribbean countries. Who might benefit in the short run from this agreement?
ACaribbean countries, because they may export to Latin America.
BLatin American businesses, because they may be able to sell more in the US.
CLatin American governments, because they will not have to pay so much duty.
DThe US, because it may export more to Latin America.
✓ Correct Answer
The correct answer is B. 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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