O-LevelEconomicsInternational trade and globalisation2281/12 · May/June 2020 · Q281 Mark
There has been an appreciation of the value of a country's currency against other currencies. What effects will this have on prices of imports of raw materials and prices of exports of manufactured goods?
Aprices of imports of raw materials: cheaper, prices of exports of manufactured goods: cheaper
Bprices of imports of raw materials: cheaper, prices of exports of manufactured goods: more expensive
Cprices of imports of raw materials: more expensive, prices of exports of manufactured goods: cheaper
Dprices of imports of raw materials: more expensive, prices of exports of manufactured goods: more expensive
✓ Correct answer
B: prices of imports of raw materials: cheaper, prices of exports of manufactured goods: more expensive
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill International trade and globalisation and see which topics are most likely to come up next.
Sign up free →