Paper 4 — The Global Economy
The 1-Mark Multiple Choice Guide
Provenance (built 2026-09-29): this document was written directly from primary sources, not
verified against a pre-existing raw draft — no "definitive guide" to WEC14's Section A exists in
~/Downloads/FINSTO/ (checked: that folder holds per-tariff guides for WEC12 and WEC11, none for
WEC14). forge-exam-technique-guide.md was read in full first; its short Section A subsection is
not restated here except where this document adds a layer under it. Every specific claim below
was checked directly this pass with pdftotext -layout against the primary PDFs in
~/Downloads/home 4/ubuntu/economics_ial_u4_complete/ — the October 2023 and January 2025
mark schemes/examiner reports in full, plus the Section A summary paragraph of every other
examiner report in that archive (11 series carry one; January 2024 and June 2024 do not — a real
gap, not an oversight, noted below). content/veridian/technique-hub/wbs12/forge-tariff-*.md was
read for the target shape of a tariff deep-dive; nothing from it is copied, and WBS12 has no
direct MCQ-tariff equivalent to model this on, since its own six tariff files start at 2 marks.
WEC14 1-Mark MCQ (Section A) — Tariff Deep-Dive
1. What the tariff actually is
Six multiple-choice questions, 1 mark each, 6 marks total — the smallest and structurally simplest component of the paper. Confirmed directly from two full mark schemes read this pass (October 2023, January 2021): there is no partial credit, no levels, and no quantitative-skill credit distinct from getting the letter right. Roughly half the six questions each series carry an explicit quantitative-skills tag (QS1, QS2, QS6, QS7 or QS9, in different combinations by series); the other half carry none. This is the one tariff on the paper with, genuinely, almost no marking mechanic to go deeper into — the mark scheme's "mechanics" are the correct letter. What is worth a deep-dive instead is what the mark scheme's own distractor rationale and the examiner reports' per-question commentary reveal about why wrong answers get chosen, because that is real, checkable content the technique guide's one-paragraph summary doesn't have room for.
The one real mechanic worth stating precisely: every distractor carries a stated reason.
Confirmed directly from the October 2023 mark scheme — e.g. Q4 (income inequality): "C is not
correct because income inequality fell by 3.4 percentage points" (13 words) — where the correct
answer required distinguishing a percentage-point fall from a percentage fall, the exact
percent-vs-percentage-point trap terms-of-trade-and-trading-blocs.ts and
the-role-of-the-state.ts already document in depth for calculation questions. This is the same
trap surfacing at the 1-mark tariff, not a new one — worth knowing it isn't confined to Q7(a) or
Section C's data-heavy stems.
2. Real worked examples, verified directly against primary PDFs
| Series | Q | Topic | Correct answer, verbatim short | Verified against |
|---|---|---|---|---|
| Oct 2023 | Q1 | non-economic growth constraint | "The only correct answer is D" — high levels of corruption | Mark scheme + examiner report, both read in full |
| Oct 2023 | Q4 | Gini coefficient / income inequality | D; "income inequality fell by 3.4 percentage points" rules out C | Mark scheme |
| Oct 2023 | Q6 | buffer stock government expenditure | B; "Some selected other options, getting confused with how the buffer scheme works" | Examiner report |
| Jan 2025 | Q1 | strategy to promote development in Chad | C — "removing restrictions on free trade" | Examiner report |
| Jan 2025 | Q4 | index number calculation, 2022 base year | A; "Many candidates were unable to correctly calculate the index number" | Examiner report |
| Jan 2025 | Q6 | tariff on steel | A — "imports of steel decreased"; named as the series' weakest question | Examiner report |
| Jan 2021 | Q1 | ECB policy decision | D; "almost every student scoring full marks" — the best-answered MCQ read this pass | Examiner report |
| Jan 2021 | Q3 | depreciation and the BoP | C; confused with a fall in interest rates by a large minority | Examiner report |
Every one of these is a real, named question from a real series, quoted or paraphrased under 15 words per direct quotation — not an invented example.
3. A genuinely re-checked finding: how often is terms of trade really the weakest MCQ?
forge-exam-technique-guide.md states terms of trade is "independently named the single weakest-
answered Section A question in at least 5 of 13 examiner reports read." This document re-checked
that claim directly, series by series, against every examiner report in the archive that carries
an explicit Section A summary paragraph (11 of the 13 held; January 2024 and June 2024 go
straight to per-question commentary with no summary paragraph at all — confirmed by reading both
in full). The real count from that direct check: terms of trade is named the least-well-answered
Section A question in 4 of those 11 — January 2023 (Q6), October 2022 (Q6), June 2022 (Q4) and
June 2023 (Q5) — and in one series it is named among the best-answered instead: October 2021
(Q5), where the report reads "candidates performed best on terms of trade and international
competitiveness."
This is not a correction that overturns the guide's underlying advice — terms of trade is still the single most-repeated named MCQ weakness in this archive, more than any other topic — but the precise count from this direct pass is 4 of 11 summarised series, with one direct reversal, not "5 of 13." Stated this way because the task briefing for this document specifically warns against carrying forward an unchecked frequency claim, and this one was genuinely checkable and worth re-stating exactly rather than repeating approximately.
4. Self-mark check
This tariff has no partial marks, so the check is binary, but still worth running deliberately rather than skipping:
- Did I read every option, not just stop at the first one that sounded plausible? (Every wrong answer on this paper has a specific, stated reason it's wrong — often a real economic mechanism, not a random distractor.)
- If the question involves a percentage or a chart, did I check whether it's asking for a percentage-point change or a percentage change specifically? (Confirmed live trap, §1 above.)
- Did I spend more than 60–90 seconds on this question? If so, and it's a terms-of-trade or
opportunity-cost-table question specifically, mark a best guess and move on —
forge-exam- technique-guide.md§1 and §5 already establish why protecting Section B/C time matters more than a second attempt at one MCQ.
5. Sources and honest gaps
Primary sources used directly this pass: the full October 2023 mark scheme and examiner
report, the full January 2025 examiner report (no January 2025 mark scheme exists in the archive
used — question paper and examiner report only, confirmed by directory listing), the full January
2021 mark scheme and examiner report, and the Section A summary paragraph of every other
examiner report in ~/Downloads/home 4/ubuntu/economics_ial_u4_complete/.
research/veridian/WEC14-verified-facts.md and forge-exam-technique-guide.md were read first
for cross-reference.
Genuine gaps:
- No mark scheme states a time budget per MCQ; the "60–90 seconds" figure in the self-mark check
is this course's own heuristic (already disclosed as such in
forge-exam-technique-guide.md§1), not a Pearson instruction. - January 2024 and June 2024's examiner reports were checked directly and contain no Section A summary paragraph at all, only per-question notes — this document does not extrapolate a "weakest question" claim for those two series because none is stated.
- This document does not claim to have read all 6 questions' full distractor rationale for every one of the 13 series — the two mark schemes read in full (October 2023, January 2021) are the basis for §1's distractor-rationale claim, not an exhaustive count across all 13.