A-LevelEconomicsInternational Trade and GlobalisationMay/June 2018Paper 1 Q261 Mark

What is the difference between a customs union and a free trade area?

Q: What topic does this question test?

This question tests International Trade and Globalisation in A-Level Economics (syllabus code 9708). It is worth 1 mark.

AOnly the customs union has a common external tariff with the rest of the world.

BOnly the customs union requires fixed exchange rates between member countries.

COnly the free trade area needs to eliminate tariffs between member countries.

DOnly the free trade area requires freedom of movement for labour and capital between member countries.

✓ Correct Answer

The correct answer is A: Only the customs union has a common external tariff with the rest of the world.

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests International Trade and Globalisation in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics May/June 2018 examination, Paper 1 Variant 2.

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