A-LevelEconomicsInternational Trade and FinanceMay/June 2019Paper 1 Q221 Mark

A country decides to remove all its tariffs and engage in free international trade. What will be the final decision the country has to make before free trade takes place?

Q: What topic does this question test?

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

Adeciding which resources to allocate to the production of goods and services for international trade

Bdeciding which goods and services should be provided for international trade

Cidentifying the opportunity costs of production of goods and services which might be used for international trade

Dsetting an appropriate exchange rate for the international trade of goods and services

✓ Correct Answer

The correct answer is D: setting an appropriate exchange rate for the international trade of goods and services

📋 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 Finance in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics May/June 2019 examination, Paper 1 Variant 2.

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