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4 International trade and the global economy

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Question 71

UK consumers buy one-hour online language lessons from tutors based in the UK and overseas. The table shows monthly data for this market before and after a video-call platform made it easier for UK consumers to book tutors based overseas.

MeasureBeforeAfter
Average price paid per lesson£24£20
Number of languages available812
Lessons bought from UK providers per month3,2002,900
Lessons bought from overseas providers per month8002,300

Which assessment is best supported by the information?

[1]
A

Overseas providers gained sales, while UK consumers lost because payment for imported lessons flowed out of the UK.

B

Consumers gained from lower prices and wider choice, while UK providers benefited because the total number of lessons bought increased.

C

Consumers gained from lower prices and wider choice, while UK providers sold fewer lessons despite an increase in total lessons bought.

D

Consumers gained from lower prices, while UK providers reached a bigger market because lessons from overseas were UK exports.

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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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