A-LevelEconomicsInternational economic issues9708/12 · May/June 2019 · 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?
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
D: setting an appropriate exchange rate for the international trade of goods and services
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