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Economics · May / June 2018 · Paper 11 · Question 29

2281Foreign exchange rates

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

  1. Aa decrease in tariffs on imports
  2. Ba decrease in the price of exports
  3. Ca decrease in the price of imports
  4. Da decrease in the volume of exports

As printed in the paper

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Correct answer: B. a decrease in the price of exports

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