CAPE Economics Unit 2 · 2018 · Paper 2 · Question 3(d)
Analyse THREE consequences of balance of payments disequilibria.
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- 3(a)State TWO reasons why nations trade.[2 marks]
- 3(b)(i)Outline ONE major component of the current account in the balance of payments (BOP).[2 marks]
- 3(b)(ii)Explain how the official reserves account is used in the balance of payments.[3 marks]
- 3(c)(i)Explain the effects of import tariffs on consumers from the importing country.[3 marks]
- 3(c)(ii)Explain the effects of import tariffs on producers from the importing country.[3 marks]
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