A-LevelEconomicsBalance of PaymentsFeb/Mar 2018Paper 1 Q291 Mark
A country has a deficit on the current account of the balance of payments. Which policy would be expected to increase the deficit?
Aan appreciation of the exchange rate
Ban increase in domestic productivity
Can introduction of import quotas
Drise in subsidies to domestic firms
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of balance of payments within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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