When a Country's Currency Is Devalued

question 11

Multiple Choice

When a country's currency is devalued,

• A) its export industries benefit.
• B) its import industries benefit.
• C) tight conditions can arise within its trading partners' labor markets.
• D) it is a sign of strength for the home government.
• E) none of the above.

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Definitions:

Multiethnic

Referring to a society, group, or area that comprises individuals from multiple ethnic backgrounds, cultures, and heritages.

Kapauku

Refers to an indigenous people of Papua, Indonesia, known for their unique social structures and economic practices.

Compensate

To compensate means to make amends for something lost or damaged, or to provide a person with something in exchange for an effort, loss, or inconvenience they have experienced.

Culture

The shared customs, arts, social institutions, and achievements of a particular nation, people, or other social group.