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O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2015 · Q291 Mark

What is most likely to encourage international specialisation?

Asimilarities in climate in different countries
Bthe ability to produce products more cheaply than other countries
Cthe discovery of oil in a country that had no oil before
Dvery high international transport costs

✓ Correct answer

B: the ability to produce products more cheaply than other countries

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About this question

Topic
International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2015 Paper 1 Variant 2, question 29.

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