O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2018 · Q291 Mark

The Mexican currency (the peso) has fallen in value against the US dollar. What will be the effect of this on the Mexican economy?

Adecrease in tariffs on imports

Bdecrease in the price of exports

Cdecrease in the price of imports

Ddecrease in the volume of exports

✓ Correct answer

B: decrease in the price of exports

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Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2018 Paper 1 Variant 1, question 29.

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