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

International trade and free trade — practice question

(a)[8]

Compare the aims and features of a free trade area and an economic union.

(b)[12]

Discuss whether an improvement in a country’s terms of trade is always to its advantage.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Free trade area explanation” …

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