Economics · May / June 2026 · Paper 12 · Question 27
2281Specialisation and free trade
What would be a disadvantage to a country specialising at a national level?
- Aincreased average costs of production
- Bincreased diversification
- Cincreased exposure to external shocks
- Dincreased income equality
As printed in the paper
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Correct answer: C. increased exposure to external shocks
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