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Cambridge A Level Economics 9708 October November 2024 Paper 2, Variant 1 – Sample Answers and Examiner Commentary – Question 5

Question:

5 (a) Explain the potential advantages of free trade and consider whether such advantages are always greater than the potential disadvantages of free trade. [8]

(b) Assess whether an economy will always benefit from having a surplus on the current account of its balance of payments. [12]

Sample Answer:

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