Asked by Sherry Smith on Jun 01, 2024
Verified
Currency devaluations hurt consumers because they make imports ________ expensive
A) Less
B) More
C) All of the above
D) None of the above
Currency Devaluations
A reduction in the value of a currency with respect to other currencies in the foreign exchange market, typically by government policy.
Imports
Goods or services brought into a country from abroad for sale.
Expensive
Describing items or services that require a high financial outlay to purchase relative to their perceived value or compared to alternatives.
- Understand the effects of currency devaluation on consumer and supplier costs, and how it influences export and import prices.
Verified Answer
Learning Objectives
- Understand the effects of currency devaluation on consumer and supplier costs, and how it influences export and import prices.
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