CAPE Economics Unit 2 · 2008 · Paper 2 · Question 6(c)
Discuss TWO types of exchange rates and give examples in EACH case of Caribbean countries that use them.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 6(a)Define the following terms: Balance of trade, Trade deficit, Trade surplus.[6 marks]
- 6(b)(i)Explain what is meant by Absolute advantage.[3 marks]
- 6(b)(ii)Explain what is meant by Comparative advantage.[3 marks]
- 6(b)(iii)Explain what is meant by The exchange rate.[3 marks]
- 6(d)Discuss TWO policy options that a country can use in order to correct a trade deficit.[10 marks]
- 6(e)Discuss the THREE lower levels of economic integration preceeding the level to be attained by the CARICOM Single Market and Economy.[15 marks]
More practice: the rest of this paper · more Balance of Payments and Exchange Rates questions · all CAPE Economics Unit 2 past papers