Assume That Foreign Demand for U

question 30

Multiple Choice

Assume that foreign demand for U.S.exports is perfectly inelastic.If the dollar is devalued then the total export value in dollars will:

• A) Increase
• B) Decrease
• C) Stay the same
• D) Uncertain

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Definitions:

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Individuals who possess a high level of skill, ability, or aptitude in specific areas or activities.

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The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost relative to others.

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A citrus fruit known for its sweet taste and rich vitamin C content, commonly consumed fresh or as juice.

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A type of fruit with a soft, fuzzy exterior and a sweet juicy flesh, known for its delicate aroma and flavor.