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4 International trade and the global economy

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Question 86

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?

[1]
A

It could be worth little because cutting paperwork does not lower the cost of selling software to the partner

B

It could be worth a lot because lower charges will raise UK software sales whatever buyers in the partner want

C

It could be worth little because the UK's gain depends on how many agreements it signs, not on the partner's size

D

It could be worth a lot because the partner is large and close, but sales will rise only if buyers there want UK software

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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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