CAPE Economics Unit 2 · 2009 · Paper 2 · Question 6(e)
Analyse ONE positive and ONE negative consequence of a devaluation of your country's currency.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 6(a)(i)Define tariffs.[2 marks]
- 6(a)(ii)Define quotas.[2 marks]
- 6(a)(iii)Define non-tariff barriers.[2 marks]
- 6(b)State FOUR factors that determine a country's export revenue.[8 marks]
- 6(c)Discuss TWO types of exchange rates and for EACH type, name ONE Caribbean country that uses it.[10 marks]
- 6(d)Discuss TWO major benefits of EACH type of exchange rate discussed in (c) above.[16 marks]
More practice: the rest of this paper · more Balance of Payments and Exchange Rates questions · all CAPE Economics Unit 2 past papers