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?
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. This question tests the candidate's understanding of international trade and finance 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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