The UK signs a free trade agreement with a large neighbouring country. The agreement removes some charges and paperwork for UK firms selling software services there.
Which evaluation of the agreement for UK software firms is best?
It could be worth little because cutting paperwork does not lower the cost of selling software to the partner
It could be worth a lot because lower charges will raise UK software sales whatever buyers in the partner want
It could be worth little because the UK's gain depends on how many agreements it signs, not on the partner's size
It could be worth a lot because the partner is large and close, but sales will rise only if buyers there want UK software
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.