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4 International trade and the global economy

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Question 164

Firms in a developed country move routine assembly work to a lower-cost country and close factories in two regions.

RegionWorkers displaced by factory closuresSuitable local job vacancies available immediately
Northvale800120
Southford500420

Using the data, explain which region's displaced workers are likely to experience the greater cost from this move.

[3]
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4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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