After a Revaluation,all Other Things Being Equal,a Country's Balance of Payments

question 95

True/False

After a revaluation,all other things being equal,a country's balance of payments on the current account will likely increase.

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Definitions:

Nomadic Tribes

Groups of people who move from place to place rather than settling permanently in one location, often following traditional routes.

Years Ago

A phrase used to denote a specific amount of time in the past counting backward from the current date.

Economic Sectors

The distinct areas of economic activity within an economy, such as agriculture, manufacturing, and services, each contributing to the overall economy.

Basic Sector

Economic activities that provide goods and services beyond the local market, contributing to a region's economic growth by bringing in external income.