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

International trade and free trade — practice question

Which factors can increase the advantages a country obtains from international trade?

  • Aa reduction in transportation costs because of a fall in world oil prices
  • Bdomestic wage rates increase at a faster rate than output per worker
  • Cthe domestic labour force becomes more occupationally immobile
  • Dtrading partners increase tariffs on imported goods

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