Quelpr
6 marksBalance of Payments and Exchange Rates

CSEC Economics · May/June 2010 · Paper 2 · Question 3(c)

Discuss TWO problems that can arise with the balance of payments of non-oil-producing Caribbean countries as a result of rising oil prices.

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Other parts of this question

  1. 3(a)Define the term 'comparative advantage'.[2 marks]
  2. 3(b)List THREE reasons why countries trade.[3 marks]
  3. 3(d)Explain TWO ways in which devaluation can impact the small, open economies of the Caribbean.[4 marks]

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