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O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2023 · Q291 Mark

An Argentine product initially sells in the US for $50 when the exchange rate between the two countries is 5 pesos to 1 dollar. The exchange rate changes to 10 pesos to 1 dollar and the price of the product remains unchanged in Argentina. What will be the new price of the product in the US?

A$5
B$25
C$100
D$500

✓ Correct answer

B: $25

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About this question

Topic
International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2023 Paper 1 Variant 1, question 29.

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