What this practice covers
These questions are drawn from past Edexcel A-Level papers and filtered to international economics. You answer, you find out immediately whether you were right, and you get the reasoning for the correct option and for each distractor. Wrong answers go to a mistakes locker so you can come back to exactly those.
Practice is free. You need an account only so your progress and your mistakes are still there next time.
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What examiners see students get wrong here
These are the errors that cost marks on international economics, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Explaining the gains from trade using absolute rather than comparative advantage.
- Failing to compute opportunity cost ratios when data is given.
- Forgetting that the terms of trade must lie between the two ratios for both to gain.
- Confusing tariffs (revenue) with quotas (no revenue).
- Asserting a depreciation improves the current account without Marshall–Lerner.
- Saying the balance of payments does not balance; it always does; the current account can be in deficit.
- Discussing competitiveness only in price terms, ignoring non-price factors.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: International Economics revision notes.