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4 International trade and the global economy

4 International trade and the global economy

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Question 3

A country specialises in products for which it has suitable resources and imports products that would be costly to produce domestically. What is the main potential benefit?

[1]
A

It can use resources more efficiently and obtain a wider range of products

B

It removes scarcity and opportunity cost

C

It prevents foreign firms entering domestic markets

D

It guarantees equal incomes

Markscheme

4 International trade and the global economy Questions

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

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