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2.6 The international economy (A-level only)

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Question 58

According to the theory of comparative advantage, mutually beneficial trade between two nations is possible as long as there is a difference in which of the following?

A

The absolute quantity of resources available in each nation.

B

The domestic opportunity costs of producing the goods in each nation.

C

The nominal wage levels and living standards of the workforce in each nation.

D

The levels of import tariffs and trade barriers imposed by each nation.

Markscheme

2.6 The international economy (A-level only) Questions

  1. A Level
  2. /Economics
  3. /2.6 The international economy (A-level only)

310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.

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