A-LevelEconomicsMacroeconomic Aims and PoliciesFeb/Mar 2022Paper 1 Q281 Mark
'Reducing the exchange rate helps to decrease a country's balance of payments deficit because it makes imports more expensive and exports cheaper.' What does this statement describe?
Adeflationary policy
Bpolicy of direct controls
Can expenditure-reducing policy
Dan expenditure-switching policy
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of macroeconomic aims and policies 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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