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2.4 International trade and the global economy

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Question 77

The pound depreciates. Which UK business is most likely to face higher costs?

[1]
A

A consultancy using only UK labour and selling only in the UK

B

A farm buying UK seed and selling only to UK shops

C

A furniture maker importing timber priced in dollars

D

A hotel serving more overseas tourists

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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