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25 marksInternational Trade

CAPE Economics Unit 2 · 2007 · Paper 2 · Question 6(a)

Question 6 focuses on trade protectionism and exchange rate systems.

Discuss five arguments that may be used by Caribbean countries in order to keep out imports from foreign countries.

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Other parts of this question

  1. 6(b)(i)Explain how the exchange rate is determined in a fixed exchange rate system.[7 marks]
  2. 6(b)(ii)State three advantages and three disadvantages of a fixed exchange rate system.[6 marks]
  3. 6(b)(iii)Explain how the exchange rate is determined in a free-floating exchange rate system.[6 marks]
  4. 6(b)(iv)State three advantages and three disadvantages of a free-floating exchange rate system.[6 marks]

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