CSEC Economics · May/June 2008 · Paper 2 · Question 5(c)(i)
Identify TWO possible effects that the removal of preferential trading arrangements may have on an economy.
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- 5(a)(i)Define the term 'unemployment'.[2 marks]
- 5(a)(ii)Define the term 'inflation'.[2 marks]
- 5(b)List THREE types of unemployment.[3 marks]
- 5(c)(ii)Discuss TWO measures that can be used to address the consequences of the removal of preferential trading arrangements.[6 marks]
- 5(d)Explain TWO ways in which the CARICOM Single Market and Economy (CSME) can contribute to the economic development of a named Caribbean country.[5 marks]
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