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:

Data Type

The classification of data based on the kind of value it holds, dictating how it can be used and stored.

Percent

A unit of measure equal to one hundredth of a total; a way to express fractions as parts of a hundred.

Format Property

A specification that determines the appearance or layout of elements within a software application or document.

Decimal Places

The number of digits to the right of the decimal point in a number, indicating its precision.