Furniture makers in Country R sell much of their output to households in Country S and employ many workers in Country R. Country S is experiencing an economic slowdown. Which chain best illustrates interdependence?
The slowdown in Country S reduces Country R's furniture exports but increases employment
The slowdown in Country S increases Country R's furniture exports but reduces employment
The slowdown in Country S reduces Country R's furniture exports and employment
The slowdown in Country S increases Country R's furniture exports and employment
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.