◈ Oracle PrepSign Up Free
O-LevelEconomicsInternational trade and globalisation2281/12 · May/June 2022 · Q291 Mark

What is most likely to result from a reduction in the value of a country's currency if there are no other changes in the economy?

Atrade in goods surplus will fall.
BExport prices will rise.
CImport prices will rise.
DThe inflation rate will fall.

✓ Correct answer

C: Import prices will rise.

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 →

About this question

Topic
International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2022 Paper 1 Variant 2, question 29.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

International trade and globalisationMay/June 20141m

Countries in Europe were in a recession in 2012. Usually a recession would mean oil prices fall. In fact in 2012, oil…

International trade and globalisationMay/June 20141m

The citizens of a country which avoids international trade may benefit from

International trade and globalisationMay/June 20141m

In 2012, Nokia, a mobile phone manufacturer, produced 18% of Finland's exports. Why might this be undesirable for Fin…

The allocation of resourcesMay/June 20121m

What is found in a mixed economy but not a free market economy?

The allocation of resourcesMay/June 20121m

A large shop selling clothes opened in a town. Its prices were much cheaper than other shops selling similar items. A…

The allocation of resourcesMay/June 20121m

What is not held constant in constructing a demand schedule?

← Browse all past-paper questions

© 2026 Oracle Prep