The governments of low-income countries often allow foreign multinational companies (MNCs) to mine minerals in their country. Which conflict between benefit and cost might this cause the low-income countries?

Why would standards of living fall when there is a recession?

What is an immediate effect for a country of a fall in its foreign exchange rate?

What is most likely to happen if Qatar builds a factory in China that becomes profitable?

What is a reason for trade protection?

What is most likely to result from a reduction in the value of a country’s currency if there are no other changes in the economy?

What is most likely to discourage international specialisation and trade for an economy?

In 2016, Romania had an increase in its real gross domestic product of 4.8%. What must this mean about the Romanian economy?

A high-income economy received an increase in income. What happened to absolute and relative poverty?

A country imposes tariffs and quotas on imported goods. What will citizens of that country experience?

When does free trade occur?

In recent years, the US has experienced a deficit on its overall current account of the balance of payments. What could have led to an increase in the size of the deficit?

What is a disadvantage of increasing international specialisation?