Devaluation Decreases the Cost of Foreign Goods and Increases the Cost

question 32

True/False

Devaluation decreases the cost of foreign goods and increases the cost of domestic goods to foreign firms.

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Definitions:

Disaffirm

The act of renouncing or rejecting a legal contract or agreement, typically used in the context of minors disaffirming contracts.

Misrepresenting Age

The act of falsely stating one's age, typically for the purpose of obtaining age-restricted goods, services, or rights.

Disaffirmance

The legal right of a minor to renounce a contract, thereby being freed from any contractual obligations.

Duty

A legal or moral obligation to act or refrain from acting in a certain way.