Answered: If the external value of its currency…

If the external value of its currency decreases in a country, what does it affect? a) Volume of imports b) Volume of exports c) General price level d) All of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the external value of its currency decreases in a country, what does it affect?
a) Volume of imports
b) Volume of exports
c) General price level
d) All of the above

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