In recent years, the Swiss Franc (CHF) has appreciated significantly against major currencies, driven by the Swiss National Bank's interest rate policies and its status as a safe-haven asset.
To what extent will a sustained appreciation of its currency benefit the macroeconomic performance of an open, export-oriented economy such as Switzerland?
103 exam-style questions on Edexcel A A Level Economics 4.1 International economics, covering 4.1.1 Globalisation, 4.1.2 Specialisation and trade, 4.1.3 Pattern of trade, 4.1.4 Terms of trade, 4.1.5 Trading blocs and the World Trade Organisation (WTO), 4.1.6 Restrictions on free trade, 4.1.7 Balance of payments, 4.1.8 Exchange rates, and 4.1.9 International competitiveness. Each one has a worked solution and a mark scheme showing where the marks go.