The case study examines Japan's post pandemic economic difficulties, the three arrows of Abenomics, the historic depreciation of the yen, and whether...
The case study question is cited only. See the worked answer for the full breakdown.
A Level Economics Trade and Globalisation Questions
Every A Level H2 Economics exam question on trade and globalisation from the last ten years, linked to the worked answers, with the model essays on the same topic. Comparative advantage, protectionism and the balance of payments.
Past year exam questionsTrade and Globalisation in the A Level papers
Explain how the removal of an import tariff by a country might redistribute welfare between its economic agents and improve resource allocation.
Explain how a depreciation in a country's exchange rate might lead to demand-pull inflation and to cost-push inflation.
The case study looks at changing economic relationships in the Asia-Pacific Rim, including the appreciation of the Chinese yuan, the US and China...
The case study question is cited only. See the worked answer for the full breakdown.
The case study looks at innovation as a key to prosperity in an age of new technologies, drawing on the electric car transition, R&D and market...
The case study question is cited only. See the worked answer for the full breakdown.
Explain the benefits and costs of globalisation to Singapore.
The case study examines foreign direct investment flows in South-East Asia, drawing on Singapore and Vietnam to test the recording of FDI in the...
The case study question is cited only. See the worked answer for the full breakdown.
With the aid of a diagram, explain what is meant by consumer surplus and producer surplus.
The case study looks at the US and China trade war and its effects on a small open economy, testing the current account, the effect of a shrinking...
The case study question is cited only. See the worked answer for the full breakdown.
The case study examines the changing landscape of international trade, including US manufacturing productivity, global value chains, tariff...
The case study question is cited only. See the worked answer for the full breakdown.
Explain two different factors that have enabled globalisation to occur. [10]
The case study looks at Bangladesh's pursuit of inclusive economic growth, drawing on exchange rate movements, the Gini coefficient, the nature of...
The case study question is cited only. See the worked answer for the full breakdown.
Explain why Singapore chooses exchange rates rather than interest rates as its main tool of monetary policy.
Describe two different types of protectionist policy measure and explain how each type would affect trade.
The case study looks at the Westernisation of the Japanese diet and the market for beef imports into Japan, drawing on it to test negative...
The case study question is cited only. See the worked answer for the full breakdown.
The case study examines China's economy, drawing on it to test how interest rates affect aggregate demand, the trend in inflation, growth spillovers...
The case study question is cited only. See the worked answer for the full breakdown.
The case study examines India's rise as a major agricultural exporter, using it to test minimum support prices and price floors, the terms of trade,...
The case study question is cited only. See the worked answer for the full breakdown.
Explain how an appreciation of a country's currency might affect the current account of its balance of payments.
Model essaysWorked essays on trade and globalisation
Examine whether globalisation and openness to external markets have brought advantages to Singapore's economy.
Explain the trend towards globalisation in recent years.
Discuss whether implementing protectionist measures is the most effective way to deal with unemployment and income inequality in a country such as the U.S.
Explain how Free Trade Agreements like NAFTA can lead to unemployment and greater income inequality within a country.
Discuss whether protectionism can be justified under certain economic conditions.
Explain why the pattern of trade of an economy may change over time.
Evaluate how protectionism affects nations facing trade restrictions, and discuss if it brings lasting benefits to the economy that imposes them.
Explain the potential effects of protectionism on an economy's growth, inflation, and overall standard of living.
Explain factors leading to deglobalisation in recent years.
Explain the possible impacts of export bans on both the countries that implement them and the countries that rely on those imports.
Explain the factors that might cause a country's comparative advantage to shift over time.
Evaluate the strategies a government could adopt to achieve greater self-sufficiency and assess whether, on balance, these strategies are beneficial.
Explain the trade-off between efficiency and resilience that globalisation has created in modern economies.
Explain the reasons behind the growing anti-globalisation sentiments, particularly in developed countries.
Assess whether measures aimed at correcting a trade deficit could lead to difficulties for a country's economy.
Explain the impact of a sustained trade deficit on an economy.
Discuss whether efforts by the government to correct a sustained trade deficit could be damaging to the economy.
Identify and explain factors that can contribute to a trade deficit in an economy.
Explain why it is important for a government to avoid running a large and prolonged trade surplus or deficit.
Evaluate the potential effects of China's push for sustainable economic growth on its balance of payments.
Evaluate how a rise in foreign direct investment might affect Singapore's economic performance.
Explain the factors that led to Singapore receiving the highest FDI inflows in the Southeast Asia region.
Discuss whether a depreciation of currency would be of overall benefit to an economy.
In view of the rising anti-globalisation sentiments globally, assess the measures that the Singapore government can adopt to sustain its global competitiveness.
Explain why anti-globalisation sentiments have gained momentum in various parts of the world, particularly in developed economies.
Discuss the policies the Singapore government can adopt to maintain a healthy balance of trade.
Explain why a government should avoid a large and persistent balance of trade surplus and deficit.
Attempt them, then check against the model.
The worked answers to the past year questions are in the TYS Answers hub, and each model essay shows how a top answer is built. Every ETG student also gets the AI coach that plans every essay and case study with you. Bring your hardest question to a trial lesson.
Work the questions alongside the notes that teach the tools: Trade and Globalisation notes, the Trade and Globalisation model essays, and the full notes and glossary.
Questions students ask
Are these the official A Level Economics answers for the trade and globalisation questions?
No. SEAB sets and marks the A Level papers. The past year questions are cited so you can find them, and the worked answers and model essays are Mr Eugene Toh's own, author of the H1 and H2 A Level Economics TYS answer keys published by SAP and sold at Popular.
Where are the answers to these questions?
Each past year question links to its worked answer in the TYS Answers hub, and each model essay links to a full worked essay. Every ETG student also gets the AI coach that plans every essay and case study of the last ten years.
Can I get A Level Economics questions sorted by topic?
Yes. This page collects the exam questions and model essays on trade and globalisation in one place. Use the other topic pages in the question bank for the rest of the syllabus.
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