A-LevelEconomicsInternational TradeMay/June 2014Paper 1 Q291 Mark
With an exchange rate of 5 Egyptian pounds (EGP) = 1 US dollar ($), an American in Egypt for EGP 100. Assuming that the dollar price remains unchanged, what will be the price of the product in Eg the Egyptian pound appreciates to 4 EGP = 1 US$?
AEGP 75
BEGP 80
CEGP 120
DEGP 125
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of international trade within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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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