Quelpr
6 marksInternational Trade

CAPE Economics Unit 2 · 2010 · Paper 2 · Question 6(c)

Those countries in favour of the agreement with the European Union argued that the region could receive benefits from free trade with Europe. Outline TWO of these potential benefits.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 6(a)Distinguish between 'absolute advantage' and 'comparative advantage'.[4 marks]
  2. 6(b)Outline THREE arguments in favour of protection that these economists could have used to support their position.[9 marks]
  3. 6(d)Discuss TWO policy options that a country can use in order to correct a trade deficit.[6 marks]

More practice: the rest of this paper · more International Trade questions · all CAPE Economics Unit 2 past papers