Monday 18 April 2016

Grade 10 G - HOME WORK - International trade




Solve these questions:

1)M/J 2009 P-2 Q-7

Countries sometimes establish agreements with each other to encourage free trade by abolishing
tariffs or quotas on trade between them.
(a) Distinguish between a tariff and a quota. [4]
(b) Analyse the possible link between the level of tariffs and international specialisation. [4]
(c) Analyse the advantages of trading without tariffs and quotas. [6]


2)M/J 2008 P-4 Q-6
(a) Explain what is meant by specialisation and in what circumstances it might occur. [5]
(b) Some countries use measures to protect home industries. Describe how three of these
measures work. [6]
(c) Explain, with the use of one example, what is meant by a natural resource of a country. [3]
(d) For many countries international trade involves using their natural resources to sell to other
Countries.Discuss whether it is wise for a country to use (exploit) its natural resources rather

than conserve them. [6]

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