CSEC Economics · May/June 2011 · Paper 2 · Question 6(c)(i)
State TWO benefits to be gained from a country's membership of the World Trade Organization (WTO).
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 6(a)List THREE factors that can cause a change in demand.[3 marks]
- 6(b)Distinguish between a 'change in quantity supplied' and a 'change in supply'.[4 marks]
- 6(c)(ii)For EACH of the benefits stated in (c)(i), explain how it can be helpful to the economy of your country.[6 marks]
- 6(d)Discuss TWO negative effects on Caribbean economies which can result from a loss of preferential trading arrangements.[5 marks]
More practice: the rest of this paper · more Trade Theories and Commercial Policy questions · all CSEC Economics past papers