CSEC Economics · May/June 2017 · Paper 2 · Question 3(b)
List ONE protectionist measure used by countries to restrict trade.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 3(a)(i)Define the term 'Exchange rate devaluation'.[2 marks]
- 3(a)(ii)Define the term 'Floating exchange rate'.[2 marks]
- 3(c)Discuss TWO factors that can influence the level of the exchange rate in a country.[6 marks]
- 3(d)(i)State the name of the type of account in the balance of payments that shows the reduction in net exports.[1 mark]
- 3(d)(ii)Explain how devaluation can correct the disequilibrium in Caribville's balance of payments.[3 marks]
More practice: the rest of this paper · more Trade Theories and Commercial Policy questions · all CSEC Economics past papers