A low-priced imported product is made using unsafe working conditions and production causes serious water pollution. It also creates jobs in a low-income country. Which assessment is most balanced?
Consumers may gain and employment may rise, but ethical and environmental costs must also be considered
Lower prices prove that the product creates no external costs
Overseas job creation means working conditions are irrelevant
Water pollution affects only the producer's private costs
118 exam-style questions on AQA GCSE Economics 2.4 International trade and the global economy, covering 2.4.1a The importance of trade, 2.4.1b Advantages of trade and interdependence, 2.4.1c UK exports and imports, 2.4.2a How exchange rates are determined, 2.4.2b Effects of exchange rate changes, 2.4.3a Free-trade and its arguments, 2.4.3b Free-trade agreements such as the EU, 2.4.4a Features and growth of globalisation, 2.4.4b Benefits and drawbacks of globalisation, and 2.4.4c Moral, ethical and sustainability considerations. Each one has a worked solution and a mark scheme showing where the marks go.