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4.1 Importance of international trade

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Question 20

Import barriers on musical instruments have been removed. Overseas instrument makers can now sell more easily in the domestic market.

What are domestic instrument makers most likely to need to do to keep their customers?

[1]
A

Produce fewer instruments so that the cost of making each one falls

B

Raise their prices because buyers now have more instruments to choose from

C

Improve the quality of the instruments they make and sell

D

Spend less on quality because domestic buyers rarely switch to imports

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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