Trade Theories and Commercial Policy · CSEC Economics

27 past-paper questions on Trade Theories and Commercial Policy, part of Section 7: International Trade, from every CSEC Economics paper on Quelpr.

1. 2(a)2 marks· CSEC Economics · May/June 2007 · Paper 2Define the concept 'terms of trade'.
2. 2(b)3 marks· CSEC Economics · May/June 2007 · Paper 2List THREE reasons why countries trade.
3. 7(a)4 marks· CSEC Economics · May/June 2008 · Paper 2Differentiate between the 'terms of trade' and the 'balance of trade' of a country.
4. 4(a)2 marks· CSEC Economics · May/June 2009 · Paper 2Define the role of the World Trade Organization (WTO).
5. 4(b)3 marks· CSEC Economics · May/June 2009 · Paper 2List THREE factors that influence the export of goods and services.
6. 3(a)2 marks· CSEC Economics · May/June 2010 · Paper 2Define the term 'comparative advantage'.
7. 3(b)3 marks· CSEC Economics · May/June 2010 · Paper 2List THREE reasons why countries trade.
8. 4(a)2 marks· CSEC Economics · May/June 2011 · Paper 2Define the term 'tariff'.
9. 6(c)(i)2 marks· CSEC Economics · May/June 2011 · Paper 2State TWO benefits to be gained from a country's membership of the World Trade Organization (WTO).
10. 6(c)(ii)6 marks· CSEC Economics · May/June 2011 · Paper 2For EACH of the benefits stated in (c)(i), explain how it can be helpful to the economy of your country.
11. 3(a)(i)2 marks· CSEC Economics · May/June 2012 · Paper 2Define the term 'Terms of trade'.
12. 3(b)1 mark· CSEC Economics · May/June 2012 · Paper 2State ONE factor that can affect the terms of trade of a country.
13. 6(a)(i)2 marks· CSEC Economics · May/June 2012 · Paper 2Define the term 'Common external tariff' as it relates to international trade.
14. 6(a)(ii)2 marks· CSEC Economics · May/June 2012 · Paper 2Define the term 'Import quota' as it relates to international trade.
15. 6(b)3 marks· CSEC Economics · May/June 2012 · Paper 2Identify THREE reasons why governments adopt protectionist measures.
16. 7(c)8 marks· CSEC Economics · May/June 2012 · Paper 2Discuss TWO potential benefits of trade liberalisation to an economy.
17. 6(a)(i)2 marks· CSEC Economics · May/June 2013 · Paper 2Define 'comparative advantage' in the context of international trade.
18. 6(a)(ii)2 marks· CSEC Economics · May/June 2013 · Paper 2Define 'absolute advantage' in the context of international trade.
19. 6(c)(i)4 marks· CSEC Economics · May/June 2013 · Paper 2Explain TWO gains from international trade for consumers.
20. 6(c)(ii)4 marks· CSEC Economics · May/June 2013 · Paper 2Explain TWO gains from international trade for producers.
21. 3(b)1 mark· CSEC Economics · May/June 2014 · Paper 2State the name of the protectionist measure that limits the quantity of goods entering a country.
22. 8(c)8 marks· CSEC Economics · May/June 2014 · Paper 2Explain TWO benefits to the Caribbean Community (CARICOM) of adopting a common external tariff.
23. 3(a)(i)2 marks· CSEC Economics · May/June 2015 · Paper 2Define the term 'Terms of trade'.
24. 3(d)(i)2 marks· CSEC Economics · May/June 2015 · Paper 2State, with reason, which country has absolute advantage in the production of the two types of products.
25. 3(d)(ii)2 marks· CSEC Economics · May/June 2015 · Paper 2State, with reason, which country has a comparative advantage in the production of agricultural products.
26. 7(a)(iii)1 mark· CSEC Economics · May/June 2015 · Paper 2WTO
27. 3(b)1 mark· CSEC Economics · May/June 2017 · Paper 2List ONE protectionist measure used by countries to restrict trade.