International trade and globalisation — IGCSE Economics (0455) questions by topic
Thirteen questions cover balance-of-payments surpluses, reading a table of trade and income data, the benefits of a country specialising in a resource such as rare metals, and how exchange-rate changes affect the price of an exported product, worth between 1 and 20 marks.
Identify, calculate, explain, analyse and discuss move from recognising the correct macroeconomic effect to working through exchange-rate or balance-of-payments calculations. Drawn from 2025 papers, these 13 questions reward checking each step of a currency or trade calculation, and this page's instant marking catches a misapplied exchange rate before it distorts the whole answer.
May–June 2025, Paper 11
What might an economist consider to be meant by the term dumping? A foreign firms exporting waste products B foreign firms producing goods at a lower cost than domestic firms C…
Answer this question and get it marked →In the diagram, D is the demand curve for the Chinese yuan and S is the supply curve of the Chinese yuan. The vertical axis is the price of yuan (in US dollars) and the horizontal…
Answer this question and get it marked →The table shows the values of the items in a country's current account in two years. item year 1 ($m) year 2 ($m) --- --- --- balance of goods and services -30 0 net primary…
Answer this question and get it marked →May–June 2025, Paper 12
An Argentine product initially sells in the US for $50 when the exchange rate between the two countries is 5 pesos to 1 dollar ($). The exchange rate changes to 10 pesos to 1…
Answer this question and get it marked →Mining by multinational companies (MNCs) has both costs and benefits for the host nation. Which activity is least likely to offer a benefit to the host nation? A developing…
Answer this question and get it marked →The table shows the retail price at which the same book can be bought in four countries. country price in local currency local currency --- --- --- Australia $14.99 Australian…
Answer this question and get it marked →What is a consequence of a surplus on the current account of the balance of payments? A a decrease in GDP B a decrease in unemployment C a depreciation of the foreign exchange…
Answer this question and get it marked →May–June 2025, Paper 13
Country Y decides to specialise in the domestic mining of rare metals required in the production of electric-car batteries. What is a likely benefit of this for country Y? A…
Answer this question and get it marked →The UK government increases the price of steel imported from Germany by increasing an existing tariff. Assuming steel has price-inelastic demand, what would be the effect on the…
Answer this question and get it marked →The table shows the value of the UK pound (£) against the US dollar ($) in June and September. June September --- --- £1 = $1.48 £1 = $1.32 What will be the likely consequence for…
Answer this question and get it marked →The table shows a selection of economic data for a country. $m --- --- primary income 1000 secondary income -500 total value of exported goods 1000 total value of imported goods…
Answer this question and get it marked →May–June 2025, Paper 21
Identify two benefits an MNC may provide for its home country.
Answer this question and get it marked →May–June 2025, Paper 23
One of the world's more expensive roads opened in Montenegro in 2022. To build the road, the Montenegro Government was helped by a foreign commercial bank and another…
Answer this question and get it marked →