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2.4 International trade and the global economy

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Question 7

Mariton is a small country whose shoppers buy cookware made in six neighbouring countries. Mariton used to charge a tariff on cookware imported from these countries. It now joins a free-trade area with all six of them.

Which change is most likely after Mariton joins?

[1]
A

Mariton's cookware makers face less competition from firms in the other members

B

Workers from the other members can take jobs in Mariton without a work permit

C

Cookware from the other members becomes cheaper for Mariton's shoppers

D

Mariton must apply the members' shared tariff to cookware from outside the area

Markscheme

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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