May/June 2026 Paper 23

2026 · 5 questions · 24 parts · 90 marks

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Context for question 2
Georgia is a country located on the border between Europe and Asia. This allows Georgia to participate in international trade very easily. Georgia has also attracted many multinational companies (MNCs) due to its relative economic stability. However, the unemployment rate remains high. Almost 45% of all workers in the country are members of a trade union.
2(a)Globalisation Multinational CompaniesEasy2 marks
Define ‘multinational companies’.
2(b)Employment UnemploymentMedium4 marks
Explain two types of unemployment.

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2(c)Wage Determination DifferentialsHard6 marks
Analyse how membership of a trade union can affect workers.

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2(d)Comparative Advantage TradeHard8 marks
Discuss whether or not international trade benefits firms.

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