Paper 2 question on price controls, exchange rates and inflation
This is a sample paper 2 question, which now includes just one question (from a choice of two), which students complete in 105 minutes. In common with many paper two questions the exercise contains a combination of micro and macroeconomic units. Caracus, the capital city of Venezuela, a once wealthy nation, with the largest reserves of crude oil in the world and where oil sales make up more than 90% of export...