Economics (AS & A Level) · May / June 2022 · Paper 13 · Question 27

In 2000, Japan was Asia's largest exporter of electrical components, but by 2018 it was ranked 8th. What might explain this change?

1. AJapan has a lower opportunity cost in electrical component production than its Asian competitors.
2. BJapan has experienced greater deflation than its Asian competitors.
3. CJapan has imposed tariffs on the import of electrical components from its Asian competitors.
4. DThe Japanese Yen has appreciated against the currencies of its Asian competitors.

As printed in the paper