A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2020 · Q271 Mark

Devaluation always has the effect of

Adecreasing the price of imports.

Bdecreasing the value of imports.

Cworsening the balance of payments.

Dworsening the terms of trade.

✓ Correct answer

D: worsening the terms of trade.

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2020 Paper 1 Variant 2, question 27.

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