The volume of specialized industrial machinery exported by an economy decreases by 8% over a twelve-month period. The most likely cause is a fall in
the average cost of imported raw materials used in domestic production.
the domestic inflation rate.
the real incomes of its major trading partners.
the exchange rate of the domestic currency.
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.