RI Y6 2026 Trade and Globalisation - T3W6 Class Test

NAME: _____________________________ CLASS: ________________ Raffles Institution Year 6 H2 Economics 2026 Term 3 Week 6 – Class Test Trade You have 25 minutes to complete the essay. Countries may experience rising Balance of Trade deficit when they suffer a los s in competitiveness in trade. b) Discuss whether the use of tariffs or supply side policy is the more appropriate measure to manage the above challenge when a country loses its competitiveness. [15] _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ 15