A government may use customs barriers to restrict free trade. What is an economic reason for doing this?

2281_s11_qp_11

MCQ

2011

Paper 1, Variant 1

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A government may use customs barriers to restrict free trade. What is an economic reason for doing this?

2281_s11_qp_12

MCQ

2011

Paper 1, Variant 2

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What is an advantage to a country of free trade?

2281_s12_qp_11

MCQ

2012

Paper 1, Variant 1

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A government removed the quota on goods imported into the country. What is the most likely result of this?

2281_s12_qp_12

MCQ

2012

Paper 1, Variant 2

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The table gives the retail price of a product in four countries in 2012. New Zealand $20.00 (New Zealand dollars) Pakistan Rupees South Africa Rand United Kingdom £10.00 What is needed to make a clear comparison of the price in the four countries?

2281_s13_qp_11

MCQ

2013

Paper 1, Variant 1

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The table gives the retail price of a product in four countries in 2012. New Zealand $20.00 (New Zealand dollars) Pakistan Rupees South Africa Rand United Kingdom £10.00 What is needed to make a clear comparison of the price in the four countries?

2281_s13_qp_12

MCQ

2013

Paper 1, Variant 2

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In 2012 the UK held the Olympic Games which attracted a large number of visitors from foreign countries. Which item of the UK’s current account balance will have benefitted directly from this event?

2281_s14_qp_11

MCQ

2014

Paper 1, Variant 1

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The table shows the trade in goods balance and the current account balance of the balance of payments for four countries during a year. Which country had the largest surplus on its trade in services, assuming no other transfers or income flows?

2281_s15_qp_11

MCQ

2015

Paper 1, Variant 1

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The table shows the trade in goods balance and the current account balance of the balance of payments for four countries during a year. Which country had the largest surplus on its trade in services, assuming no other transfers or income flows?

2281_s15_qp_12

MCQ

2015

Paper 1, Variant 2

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It has been suggested that all countries producing arms should ban the export of weapons and cut production in order to reduce the risk of war. What would happen if this occurred?

2281_s16_qp_11

MCQ

2016

Paper 1, Variant 1

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