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4.1 Importance of international trade

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Question 19

A UK retailer used to sell only UK-made backpacks. It now also sells imported backpacks. Its UK-made range and their prices are unchanged.

Source of backpacksNumber of models availableLowest price
Made in the UK4£48
Imported6£35

Which statement correctly describes how the retailer's customers benefit from the imported backpacks?

[1]
A

Customers can choose from 10 models, and the cheapest backpack costs £35 less than before.

B

Customers can choose from 6 models, and the cheapest backpack costs £35 less than before.

C

Customers can choose from 10 models, and the cheapest backpack costs £13 less than before.

D

Customers can choose from 6 models, and the cheapest backpack costs £13 less than before.

Markscheme

4.1 Importance of international trade Questions

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

85 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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