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O-LevelEconomicsInternational trade and globalisation2281/13 · Oct/Nov 2023 · Q281 Mark

Country X established free trade agreements with other nations. What would be the intended benefit of such agreements to country X?

Aincreased labour shortages
Bincreased tariff revenue
Cmore efficient allocation of resources
Dprotection from low wage competition

✓ Correct answer

C: more efficient allocation of resources

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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 2023 Paper 1 Variant 3, question 28.

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