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4 marksInternational Trade

CAPE Economics Unit 2 · 2008 · Paper 2 · Question 5(a)(iv)

Section III covers international trade and economic integration. Candidates answer one question.

Identify TWO factors that determine export revenue.

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Other parts of this question

  1. 5(a)(i)Outline TWO benefits of exporting goods and services.[6 marks]
  2. 5(a)(ii)Outline TWO problems resulting from the importation of goods and services.[6 marks]
  3. 5(a)(iii)Explain what is meant by the 'commodity terms of trade'.[3 marks]
  4. 5(b)Outline THREE factors that influence economic growth.[9 marks]
  5. 5(c)Discuss, using TWO determinants of economic growth identified in (b), why some Caribbean countries may NOT always have high rates of growth.[10 marks]
  6. 5(d)Describe FOUR structural characteristics of Caribbean economies.[12 marks]

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