A-LevelEconomicsInternational TradeOct/Nov 2012Paper 1 Q291 Mark
In the diagram D₁ and S₁ are the initial demand and supply curves of the UK pound in foreign exchange markets. [Diagram] What will cause the demand curve to shift to D2 and the supply curve to S2?
Aan appreciation of the pound
Ban increase in incomes in the US
Can increase in the price level in the US
Ddecrease in UK interest rates
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The correct answer is D. This question tests the candidate's understanding of international trade 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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