DP Economics
Question 20N.3.HL.TZ0.3a.ii
| Date | November 2020 | Marks available | [Maximum mark: 2] | Reference code | 20N.3.HL.TZ0.3a.ii |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | State | Question number | a.ii | Adapted from | N/A |
a.ii.
[Maximum mark: 2]
20N.3.HL.TZ0.3a.ii
Table 3 illustrates the exchange rates between the US dollar (US$) and the Mexican peso (MX$) between 2013 and 2017.
(a.ii)
Using Table 3, state one possible effect on Mexican consumers and one possible effect on Mexican producers from the change in the value of the Mexican peso (US$ per MX$) between 2014 and 2016.
[2]
Markscheme
Examiners report
Although a minority of candidates incorrectly interpreted the change as an appreciation of the peso, consequently producing incorrect answers, most candidates focused on higher import prices for consumers and the potential for increased exports for firms.
