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Monday 27 May 2013

Unit 4: Past question

Better late than never. Apologies for the wait. However, this is a possible question, given the recession EU has been in recently....Mark scheme tomorrow......

(a) The number and size of trading blocs, such as the European Union, have increased in recent years. To what extent does this trend conflict with the aims of the World Trade Organisation? (20)

(b) In several countries there has been increasing pressure for protectionist policies. Evaluate the likely economic effects of an increase in protectionism by the EU. (30)

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