Macroeconomics Answers

Discuss and give reasons of the challenge faced by an agricultural sector

draw a demand and supply curve for British pounds (on the vertical axis plot rand per British pound)

What factors are likely to cause an increase in the demand for British pounds (in exchange for South African rands)?

Who would benefit and who would lose if the south African government doubled the tariff on imported frozen chicken leg quarters from Brazil?

What factors are likely to cause an increase in the demand for the British Pounds?

Draw a demand and supply curve for British Pounds?

Draw a demand and supply curve for British pounds (on the vertical axis plot rand per British pound). [10 marks]. What factors are likely to cause an increase in the demand for British pounds (in exchange for South African rands)? [5]. How can this be illustrated in the diagram you have drawn? [3] Does this represent an appreciation or depreciation of the South African rand relative to the British pound? [2] {20}

List four possible reasons for an appreciation of the rand against the US dollar. (Do not explain, just list) [4]

List for possible reasons for an appreciation of rand against the US dollar.

Explain how change in exchange rates can influence exports and imports.

Use example to explain comparative advantage in international trade