Assume That the Supply of Foreign Production Is Perfectly Inelastic

question 4

Multiple Choice

Assume that the supply of foreign production is perfectly inelastic.If the dollar is devalued then the total import value in dollars will:

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

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Definitions:

Motor Impulses

Nerve signals that initiate muscle contractions, leading to voluntary or involuntary movements.

Obsession

A state in which someone thinks about someone or something constantly or frequently especially in a way that is not normal.

Phobia

An irrational and excessive fear of an object, situation, or activity that causes avoidance and distress.

Hypnagogic Image

Vivid, dreamlike images that occur at the onset of sleep.