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4.1 Importance of international trade

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Question 22

A family living in the UK pays a hotel in Spain for a week's holiday.

How should this transaction be classified for the UK?

[1]
A

An export of a service

B

An import of a good

C

Not trade, as no goods are bought

D

An import of a service

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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