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4.1 Importance of international trade

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Question 54

A UK business buys oil from abroad. UK universities sell places to students from abroad.

Which statement describes the direction of money flows for these transactions?

[1]
A

Money flows into the UK for the oil and out of the UK for the university places

B

Money flows out of the UK for both transactions

C

Money flows into the UK for both transactions

D

Money flows out of the UK for the oil and into the UK for the university places

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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