Economics 2281 · O Level · Differences in economic development between countries
Differences in economic development between countries — practice question
In 2019, Mozambique was struck by a severe storm that ruined bridges, factories, roads and electricity lines. Nearly 60% of Mozambique’s population live in absolute poverty. The country’s citizens are eager to raise Mozambique’s economic development. Government intervention in Mozambique’s economy is high. Although Mozambique does not set import quotas, it does apply a variety of import tariffs.
(a)[2]
Identify two reasons why a person might be in absolute poverty.
(b)[4]
Explain two causes of an increase in a country’s economic development.
(c)[6]
Analyse, using a production possibility curve (PPC) diagram, the impact of a severe storm on an economy.
(d)[8]
Discuss whether or not the imposition of tariffs on imports will raise a country’s output.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “joblessness” …