A UK toy manufacturer makes all of its products at one factory. It sells them to customers in the UK, Europe and Asia.
Which development has most directly made it possible for the manufacturer to supply customers in all three markets cheaply from its one factory?
Workers moving abroad to take up jobs in other countries
Firms building factories, offices and stores in other countries
Container ships carrying large quantities of goods at a low cost per item
Online payments moving money between countries almost instantly
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.