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4 marksInternational Trade

CAPE Economics Unit 2 · 2017 · Paper 2 · Question 3(b)(i)

Outline TWO ways in which Caribbean countries benefit from increased exports.

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Other parts of this question

  1. 3(a)(i)Define the term 'balance of payments'.[2 marks]
  2. 3(a)(ii)List THREE main accounts that are included in the balance of payments.[3 marks]
  3. 3(b)(ii)Outline TWO advantages and TWO disadvantages of economic partnership agreements for the Caribbean region.[8 marks]
  4. 3(c)Discuss TWO policy options that a country may adopt to correct a trade deficit and boost employment.[8 marks]

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