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2.4 International trade and the global economy

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Question 4

A UK homeware retailer buys ceramic mugs from an overseas producer whose costs are lower than those of UK producers. The mugs are sold in UK shops.

Which pair of effects is most likely?

[1]
A

UK shoppers may pay lower prices, but some UK producers may lose sales

B

UK shoppers may pay higher prices, but some UK producers may gain sales

C

UK shoppers may pay lower prices, but some UK producers may face higher costs

D

UK shoppers may have less choice, but UK producers may face lower costs

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2.4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /2.4 International trade and the global economy

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.

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