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3 marksInternational Trade

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

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

Explain what is meant by the 'commodity terms of trade'.

The mark scheme is shown once you've answered.

Practise this question

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)(iv)Identify TWO factors that determine export revenue.[4 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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