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4 International trade and the global economy

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Question 3

A group of supermarkets in another country increases its orders for food produced in the UK. The foreign-exchange market is freely floating.

Explain what is most likely to happen to demand for pounds and the value of the pound, and suggest one effect on UK households buying imported food.

[3]
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4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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