Globalisation
11.6What the syllabus asks of you
- meaning of globalisation and its causes and consequences
- distinction between a free trade area, a customs union, a monetary union and full economic union
- trade creation and trade diversion
- trade creation and trade diversion
Drill this topic
Every question on Globalisation, untimed, marked as you go.
Make a worksheet
Choose the years and how many questions, then print it with the answers on separate pages.
11 questions
1May / June 2026 · Paper 34 · Q30Show mark scheme →
Aestablishing an economic union with common macroeconomic aims
Bintroducing a monetary union and use a common currency
Cmaintaining comparative advantage in a free trade zone
Dsetting up a customs union with a common external tariff
Mark scheme
2Oct / Nov 2025 · Paper 31 · Q27Show mark scheme →
ACountries have the same currency.
BCountries use the same fiscal policy.
CCountries have the same domestic rates of sales tax.
DThe government budget in each country is balanced.
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3Oct / Nov 2025 · Paper 33 · Q24Show mark scheme →
Acommon external tariffs with non-member nations
Belimination of tariffs between member nations
Celimination of quotas between member nations
Dshared common currency among member nations
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4May / June 2025 · Paper 31 · Q29Show mark scheme →
Av, w, x and y
Bv, w and x only
Cw and x only
Dw and y only
Mark scheme
5May / June 2025 · Paper 33 · Q29Show mark scheme →
Av, w, x and y
Bv, w and x only
Cw and x only
Dw and y only
Mark scheme
6Oct / Nov 2024 · Paper 32 · Q30Show mark scheme →
AAbsolute advantage replaces comparative advantage as the basis for trade.
BFirms' supply chains are shortened.
CTrade is less likely to suffer from international economic shocks.
DThere are higher standards of living.
Mark scheme
7May / June 2024 · Paper 31 · Q23Show mark scheme →
Arising fear of losing jobs to immigrant workers
Brising political tensions among major economies of the world
Cstronger trade unions in industries producing substitutes of imports
Dwithdrawal of government support for inefficient industries
Mark scheme
8May / June 2024 · Paper 33 · Q23Show mark scheme →
Arising fear of losing jobs to immigrant workers
Brising political tensions among major economies of the world
Cstronger trade unions in industries producing substitutes of imports
Dwithdrawal of government support for inefficient industries
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9Oct / Nov 2023 · Paper 32 · Q26Show mark scheme →
Aa depletion of non-renewable resources
Bdecreased international trade
Cgrowing urbanisation
Dincreased atmospheric pollution
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10Oct / Nov 2023 · Paper 32 · Q28Show mark scheme →
Acheaper products for consumers
Bgreater choice of products for consumers
Cincreased interdependence between countries
Dincreased migration of labour between countries
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11Oct / Nov 2022 · Paper 12 · Q23Show mark scheme →
Alarge tariff; price elasticity of demand –0.8
Blarge tariff; price elasticity of demand –1.4
Csmall tariff; price elasticity of demand –0.8
Dsmall tariff; price elasticity of demand –1.4
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