After trade barriers fall, domestic prices decrease and product quality improves, but one industry loses employment. Which conclusion is most accurate?
The policy must be rejected because any worker loses
The policy must be accepted because prices fall
International trade cannot affect employment
There are gains to consumers and competitive producers, but adjustment costs for some workers
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.