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12 marksEconomic Integration

CAPE Economics Unit 2 · 2011 · Paper 2 · Question 6(b)

Discuss two advantages and two disadvantages of Free Trade or Economic Partnership Agreements signed by CARICOM countries with other countries for the region.

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Other parts of this question

  1. 6(a)(i)Explain what is meant by 'exchange rate'.[2 marks]
  2. 6(a)(ii)Give three examples of actual exchange rates that currently exist between Caribbean currencies and the US dollar.[3 marks]
  3. 6(a)(iii)Distinguish between 'fixed exchange rates' and 'floating exchange rates'.[4 marks]
  4. 6(a)(iv)State two advantages of a fixed exchange rate and two advantages of a floating exchange rate.[4 marks]

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