A country specialises in microchips. Specialist skills lower producers' costs and exports finance food imports, but a factory shutdown reduces both exports and the country's ability to buy food. Which evaluation is most accurate?
Specialisation benefits producers but cannot affect consumers
Exchange removes the risk created by narrow specialisation
The shutdown proves specialisation never raises productivity
Efficiency and exchange gains must be weighed against greater vulnerability to disruption
28 exam-style questions on OCR GCSE Economics 2.1 The role of markets, covering 2.1.1 What is a market, 2.1.2 Primary, secondary and tertiary sectors, 2.1.3 Factor and product markets, and 2.1.4 Specialisation and exchange. Each one has a worked solution and a mark scheme showing where the marks go.