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Economics (AS & A Level) · May / June 2021 · Paper 11 · Question 21

9708Exchange rates

Two industries in a country are fishing and tourism. The foreign exchange rate of the country's currency fell in 2010. If there were no other changes, how was the country affected?

  1. ALocal people bought more imported goods because they were cheaper.
  2. BThe price of fish sold in foreign markets became cheaper.
  3. CThe volume of exports decreased.
  4. DTourists to the country were discouraged by higher prices.

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Correct answer: B. The price of fish sold in foreign markets became cheaper.

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