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12 marksEconomic Integration

CAPE Economics Unit 2 · 2016 · Paper 2 · Question 6(b)

Describe TWO advantages and TWO disadvantages of regional trading groups, such as North American Free Trade Agreement (NAFTA).

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Other parts of this question

  1. 6(a)(i)Explain the theory of comparative advantage.[3 marks]
  2. 6(a)(ii)Describe the trade patterns in the Caribbean.[2 marks]
  3. 6(c)Discuss the effectiveness of devaluation and quota policies in addressing trade deficits.[8 marks]

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