A country's currency devaluation can improve its trade balance if?

Question

Economics · Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

The price elasticity of demand for its exports is high.

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Economics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Economics

Who among the following founded the 'Forward Bloc'?

Which of the following statements regarding the Harappan Civilization is NOT correct?

Which ruler is generally credited with unifying much of Northern India under a single empire for the first time?

Answer 1

The price elasticity of demand for its exports is high.

Answer 2

The proportion of imports in its exports is high.

Answer 3

The price elasticity of demand for its imports is high.

Answer 4

The proportion of essential goods in its imports is high.

Related Practice Questions