Currency Devaluations Help Suppliers Because They Make Exports ________ Expensive

question 27

Multiple Choice

Currency devaluations help suppliers because they make exports ________ expensive in the _____________ currency.

• A)Less;domestic
• B)Less;foreign
• C)More;domestic
• D)More;foreign

---

Definitions:

Covert Collusion

Secret or concealed agreements between firms to fix prices, limit production, or divide markets, in order to increase profits illegally.

Demand Curve

A graphical representation of the demand schedule showing the inverse relationship between price and quantity demanded.

Oligopoly

A market structure characterized by a small number of firms that have significant control over market prices and competition.

Product Differentiation

The distinction between or among goods and services made in the minds of buyers.