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4.1 Importance of international trade

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Question 43

A free trade agreement between the UK and another country changes the tariff on UK-made kitchen scales imported into that country.

Tariff per kitchen scale before the agreementTariff per kitchen scale after the agreement
£4£1

Explain how the agreement is likely to affect sales of UK-made kitchen scales in the other country.

[2]
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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