0455.6.2.3 — the benefits of free trade The benefits for consumers, producers and the economy in a variety of countries.: past paper questions
Real questions on 0455.6.2.3 — the benefits of free trade the benefits for consumers, producers and the economy in a variety of countries.
The newest 19 of 19 written questions. Open one to see it on the real paper.
- 0455/02 · Specimen 2027 · Q5d[8]
Discuss whether or not attracting more foreign MNCs will reduce inflation.
See it on the paper → - 0455/23 · May/June 2026 · Q2d[8]
Discuss whether or not international trade benefits firms.
See it on the paper → - 0455/21 · October/November 2024 · Q2d[8]
Discuss whether or not free trade between countries increases economic growth.
See it on the paper → - 0455/22 · October/November 2023 · Q5d[8]
whether or not an increase in exports will benefit an economy.
See it on the paper → - 0455/21 · May/June 2023 · Q1b[2]
two substitutes for coal.
See it on the paper → - 0455/21 · May/June 2023 · Q1f[5]
whether large coal-producing countries are likely to be net exporters of coal.
See it on the paper → - 0455/21 · May/June 2023 · Q1g[6]
whether or not an increase in the size of its coal industry will benefit the Australian economy.
See it on the paper → - 0455/22 · May/June 2022 · Q4c[6]
how a MNC could reduce poverty in a host country.
See it on the paper → - 0455/23 · May/June 2022 · Q2a[2]
Define free trade.
See it on the paper → - 0455/23 · October/November 2021 · Q4a[2]
Identify two benefits of free trade.
See it on the paper → - 0455/12 · May/June 2021 · Q27[1]
What is the most likely benefit for a low-income economy if it removes tariffs on imported goods and services?
See it on the paper → - 0455/21 · October/November 2020 · Q4d[8]
whether or not increased international trade can promote economic growth.
See it on the paper → - 0455/22 · October/November 2020 · Q2b[4]
two benefits producers may gain from free trade.
See it on the paper → - 0455/21 · May/June 2020 · Q3d[8]
whether or not MNCs increase production and productivity in their host countries.
See it on the paper → - 0455/23 · May/June 2020 · Q3a[2]
State two benefits of free trade.
See it on the paper → - 0455/23 · October/November 2019 · Q7c[6]
Analyse how a move to freer international trade may benefit a country’s producers.
See it on the paper → - 0455/21 · May/June 2019 · Q2c[6]
Analyse why a country with low costs of production may experience a decrease in its exports.
See it on the paper → - 0455/22 · February/March 2019 · Q2a[2]
Identify two reasons why an MNC may decide to start producing in a foreign country.
See it on the paper → - 0455/22 · February/March 2019 · Q2b[4]
Explain two reasons why someone may want to work for an MNC.
See it on the paper →
What examiners said
The source material contained three substitutes for coal, namely gas, offshore wind and solar panels. Nearly all candidates correctly identified at least two of these. Those that did not usually named other substitutes such as oil which were not named in the source material and therefore are not correct answers.
— Examiner report, May/June 2023, 0455/21 Q1(b) (Cambridge)
This question required candidates to use the data in Table 1.1 which showed the output and consumption of the seven largest coal producing countries in the world in 2020. However, few did make use of this date and of those who did, very few identified that the two largest coal producers, China and India, actually consumed more then they produced. A few simply used data from the table without analy...
— Examiner report, May/June 2023, 0455/21 Q1(f) (Cambridge)
There were some good answers to this question, with many candidates covering both reasons why an increase in the coal industry would benefit the Australian economy and why it might not. Common reasons why it would include providing employment, increasing exports, causing economic growth and providing tax revenue to the Australian government. There were fewer reasons given as to why it might not be...
— Examiner report, May/June 2023, 0455/21 Q1(g) (Cambridge)
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