Economics (AS & A Level) · May / June 2021 · Paper 13 · Question 23
9708The reasons for international trade
What may increase the benefits a country gains from international trade?
- Aa reduction in transportation costs because of a fall in world oil prices
- Bdomestic wage rates increase at a faster rate than output per worker
- Cthe domestic labour force becomes more occupationally immobile
- Dtrading partners increase tariffs on imported goods
As printed in the paper
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Correct answer: A. a reduction in transportation costs because of a fall in world oil prices
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