Table 1 shows four possible trade arrangements. A small country wants more consumer choice and access to a larger market, but also wants to keep independent tariffs on non-members.
| Arrangement | Internal trade barriers | Common tariff on non-members | Market access |
|---|---|---|---|
| A | High | No | Small |
| B | Low | No | Large |
| C | Low | Yes | Large |
| D | High | Yes | Small |
Which arrangement best meets these aims?
Arrangement A
Arrangement B
Arrangement C
Arrangement D
48 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.