O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2018 · Q291 Mark
A country has experienced a devaluation of its currency. What are the likely results of the devaluation?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
Aprice decreases; value decreases
Bprice decreases; value increases
Cprice increases; quantity decreases
Dprice increases; quantity increases
✓ Correct answer
D: price increases; quantity increases
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