A-LevelEconomicsTerms of TradeMay/June 2016Paper 1 Q241 Mark
Between 2005 and 2010, a country's import prices rose by 25% and its terms of trade rose to 120 (2005 = 100). Which change has there been in the country's export prices?
A-5%
B12.5%
C45%
D50%
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of terms of 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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