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

International trade and free trade — practice question

(a)[8]

Explain what factors determine a country’s comparative advantage in production.

(b)[12]

Discuss how effective expenditure-switching policies are in cutting a current account deficit on the balance of payments.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Grasp of comparative advantage and opportunity cost” …

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