International Trade
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2017 A/L Economics – Past Paper MCQ 42
Question: International trade permits a country to (1) produce and consume beyond its production possibilities…
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2017 A/L Economics – Past Paper MCQ 41
Question: Japan: 1 Cloth = 50 hrs, 1 Rice = 100 hrs. Thailand: 1 Cloth…
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2018 A/L Economics – Past Paper MCQ 41
Question: A country’s terms of trade increased from the base year value of 100 to…
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2018 A/L Economics – Past Paper MCQ 40
Question: At present Sri Lanka’s main destination of exports and main origin of imports are…
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2019 A/L Economics – Past Paper MCQ 38
Question: What is the formula used to calculate a country’s commodity terms of trade? (1)…
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2019 A/L Economics – Past Paper MCQ 37
Question: Country X max output: Rice 5000, Coffee 5000. Country Y max output: Rice 10000,…
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2019 A/L Economics – Past Paper MCQ 36
Question: Comparative advantage means that one country can produce (1) more of a certain product…
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2020 A/L Economics – Past Paper MCQ 38
Question: Which two of the following arguments are most likely to be used to justify…
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2020 A/L Economics – Past Paper MCQ 37
Question: In country A, 1 unit of cloth = 5 labour hours; 1 unit of…
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2020 A/L Economics – Past Paper MCQ 36
Question: According to the principle of comparative advantage, worldwide output and consumption levels will be…