Economics 9708 · AS & A Level · International trade and free trade

International trade and free trade — practice question

(a)[8]

Use production possibility diagrams to explain how specialisation and international trade can improve the standard of living of consumers in a country.

(b)[12]

Discuss whether protection of domestic industries can ever be justified, in light of the benefits of specialisation and trade.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Understanding of production possibility curves and the trade-off they demonstrate.” …

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