Pearson Edexcel IGCSE · Commerce

International trade: Practice Questions

3 multiple-choice questions marked as you go, and 4 written questions with worked solutions. All on International trade.

7 questions23 marksFree, no account

Question 1

1 mark

Which of the following is an example of an invisible export for a country?

Question 2

1 mark

If the value of a country's currency depreciates against its trading partners, which of the following is the most likely outcome for that country's trade?

Question 3

1 mark

Which of the following best describes a common external tariff as applied by a trading bloc?

Question 4

3 marks

Explain the difference between visible trade and invisible trade, providing one specific example for each category.

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Question 5

6 marks

Explain the function of a common external tariff within a trading bloc and analyze its impact on trade with countries outside of that bloc.

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Question 6

5 marks

Analyze how the implementation of a common external tariff (CET) by a trading bloc affects the competitiveness of a manufacturer located in a non-member country attempting to export goods to that bloc.

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Question 7

6 marks

A Multinational Corporation (MNC) is planning to set up a new manufacturing plant in a developing country. This move has sparked debate among local government officials regarding its impact on the economy.

(a) State two reasons why a company might choose to operate as an MNC. (2)
(b) Evaluate two potential advantages and two potential disadvantages for the host country where the MNC decides to locate its factory. (4)

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