GCE Economics 2022 Objective — Question 46
Question 46 of 50 from the General Certificate of Education (GCE) Economics 2022 Objective paper, with the correct answer and a full explanation.
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Which of the following measures can lead to an increase in exports?
- A. increase in export duties
- B. increase in excise duties
- C. depreciation of currencyCorrect
- D. total ban on imports
Explanation
Depreciation (a fall in the international value of a currency) makes exports cheaper for foreign buyers, thereby increasing exports.
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