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CCEA A-Level Economics A2 2 Managing the Economy in a Global World overview quiz quiz

15questions. Pick an answer and you'll see why right away.

  1. A country has a comparative advantage in a good when it can produce that good:

  2. Which of the following is a tariff?

  3. The infant industry argument supports protection in order to:

  4. Which item is part of the current account of the balance of payments?

  5. A depreciation of a country's currency will:

  6. The Marshall-Lerner condition states that a depreciation improves the current account only if:

  7. Under a floating exchange rate system, the value of the currency is determined by:

  8. A transnational corporation is best defined as a firm that:

  9. A customs union differs from a free trade area because a customs union also has:

  10. Trade diversion occurs when joining a bloc causes a country to:

  11. Economic development differs from economic growth because development:

  12. The Human Development Index combines income with:

  13. Which is a common barrier to economic development?

  14. The International Monetary Fund (IMF) primarily:

  15. Which of the following is a way globalisation constrains national economic policy?