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CAIE IGCSE Economics 6.1.1 Specialisation By Country Questions

Practise Cambridge IGCSE Economics by analysing specialisation benefits and risks, including efficiency, consumer choice, dependence, resource shocks and trade context.

Syllabus
2027–2029
Course
Economics 0455

Exam points

  • Explain how national or international specialisation can improve resource efficiency, productivity, choice, quality and prices.
  • Analyse benefits and risks of specialisation, including dependence on other economies, transport costs, changing world demand and resource shocks.
  • Evaluate whether a country or firm should specialise, using its resources, comparative advantages and trade context.

CAIE IGCSE Economics 6.1.1 Specialisation By Country Questions question 1

[Maximum number: 1]

What is a likely benefit of increased national specialisation?

A

It guarantees a balance of trade in goods and services surplus.

B

It increases dependency on other economies.

C

It lengthens international supply chains.

D

It reduces the cost of living.

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