Economics: International economics Topical Past Paper Questions

Indonesia is a middle-income country in southeast Asia. Its main agricultural exports are palm oil and coffee, which Malaysia also produces. The maximum amount of each good that Indonesia and Malaysia can produce in one hour is shown in Table 3. Table 3 (a) (i) Using the informat…

Economists agree that travel by train, instead of by plane or car, should be promoted in Europe because of environmental issues. However, the growth of passenger rail travel in Spain has slowed down. During 2013, millions of passenger-kilometres $ ^{*} $ travelled on railways in…

The Czech Republic is a member of the European Union (a common market) but not of the Eurozone (a monetary union). (a) (i) Distinguish between a common market and a monetary union. [3] The data in Table 3 show the prices of the items included in the basket of goods that the typic…