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4.1 Importance of international trade

4.1 Importance of international trade

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Question 8

A free trade agreement gives a UK clothing firm access to more overseas customers. Which outcome is most likely if demand rises?

[1]
A

The firm's revenue must fall

B

The firm can no longer specialise

C

The firm is protected from all competition

D

The firm's potential market and output may increase

Markscheme

4.1 Importance of international trade Questions

  1. GCSE
  2. /Economics
  3. /4.1 Importance of international trade

21 exam-style questions on OCR GCSE Economics 4.1 Importance of international trade, covering 4.1.1 Why countries import and export and 4.1.2 Free trade agreements. Each one has a worked solution and a mark scheme showing where the marks go.

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