Assume That U

question 43

Multiple Choice

Assume that U.S.imports and exports both have inelastic supply.If the dollar is devalued,then the balance of trade will:

• A) Become more negative
• B) Become more positive
• C) Stay the same
• D) Not possible to answer

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Definitions:

Primary Component

The most essential or chief element that plays a central role in the system or structure it is part of.