Specimen:
1)a) Examine the possible factors which may have led to a change on the value of the pound sterling against the Euro in recent years
b) Evaluate the likely economic effects of a significant fall in the value of sterling against the Euro.

2)a) Examine the effect of the Common Agricultural Policy on the world trade in agricultural goods.
b) Evaluate the implications of a significant reduction in barriers to the trade and services for the global economy.

3)a) In 2002 the unemployment rates in Spain, France and Italy were significantly higher than in the UK. Examine the factors which might explain why the UK's unemployment rate was lower in these countries.
b) To what extent might the pursuit of full employment conflict with other macroeconomic objectives?
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Exemplar:
1)a) 'The competitiveness of the Uk's manufacturing sector has declined in recent years'.
Discuss the factors which may have affected the international competitiveness of UK goods.
b) Evaluate the methods by which the UK's international competitiveness could be increased.

2)'Trading blocs are becoming increasingly important to the world economy'
a) Discuss the benefits to a country belonging to a trading bloc.
b) To what extent might the policies of the WTO conflict to those of trading blocs?
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June 02
1a) Examine the factors which have led to an increase in interdependence between countries in the world economy.
b) Assess the impact on the global economy of the continued use by trading blocs of measures which restrict free trade.

2a) Examine the impact of falling oil prices on the economies of the European Union.
b) Evaluate the potential costs and benefits to the UK economy of a decision to join the euro.

3a) Examine the factors which might explain how a surplus