A fire closes a major overseas factory that supplies computer chips to many UK electronics producers. Table 1 shows changes during the disruption.
| Measure | Before disruption | During disruption |
|---|---|---|
| Monthly chip deliveries | 8 million | 3 million |
| Chip price | £4 | £11 |
| UK electronics output | 500,000 units | 310,000 units |
| Average retail price | £420 | £560 |
| UK producers sourcing from affected region | 76% | 76% |
Using Table 1, analyse how global interdependence may transmit the supply disruption to UK producers and consumers.
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.