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A-LevelEconomicsInternational TradeMay/June 2018Paper 2 Q120 Marks

The Trans-Pacific Partnership (TPP) – good or bad? In February 2016, the controversial TPP trade deal was finally signed at a ceremony in Auckland, New Zealand. Content removed due to copyright restrictions Table 1.1: New Zealand's total trade in goods, with selected TPP partners and China in NZ$(m), year ended June 2015 Exports to | Imports from ---|--- Australia | 8514 | 6285 US | 5483 | 6081 Japan | 2943 | 3413 Singapore | 1078 | 1801 Malaysia | 982 | 1877 Canada | 597 | 598 China | 8267 | 9332 All other countries | 20 532 | 19438 Total trade in goods | 48 396 | 48825 Source: Global New Zealand - Investment and Travel Profile, 2015 Imports are mainly vehicle parts, mechanical equipment, petroleum products and a wide range of other non-food items. Source: New York Times, 2 February 2016

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The correct answer is . This question tests the candidate's understanding of international trade within the Economicssyllabus. The examiner's mark scheme requires...

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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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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) May/June 2018 examination, Paper 2 Variant 3. It tests the topic of International Trade and is worth 20 marks.

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