A Currency Devaluation Increases the Cost of Foreign Goods and ____

question 163

Multiple Choice

A currency devaluation increases the cost of foreign goods and ____ the cost of domestic goods to foreign firms.

• A) devalues
• B) increases
• C) balances
• D) decreases
• E) restricts

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Definitions:

Thailand

A country in Southeast Asia known for its tropical beaches, opulent royal palaces, ancient ruins, and ornate temples displaying figures of Buddha.

India

A country in South Asia, known for its diverse cultures, languages, and history, the world's largest democracy and second most populous country.

Iran

A country in the Middle East, known for its rich cultural heritage, strategic geopolitical location, and significant oil reserves.

Economic Rewards

Financial or non-financial gains received as a result of one's investment or labor.