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2.4 International trade and the global economy

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Question 64

A UK insurance firm sells insurance services to customers in Lydora. Demand from Lydora rises. Table 1 shows the number of overseas customers buying the firm's services and the number of workers employed at its UK offices before and after the rise in demand.

Overseas customersWorkers employed in UK offices
Before the rise in demand8,000320
After the rise in demand12,000390

Using Table 1, explain how this illustrates interdependence between the UK and Lydora.

[2]
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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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