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Cambridge A Level Economics 9708 May June 2024 Paper 2, Variant 3 – Sample Answers and Examiner Commentary – Question 5

Question:

5 (a) Explain two possible causes of a change in the terms of trade in an economy and consider
which of these causes is likely to be more important for low-income countries. [8]
(b) Assess the extent to which different tools of protection can impact on the terms of trade in an
economy. [12]

Sample Answers:

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