Economics · International Trade
A country's currency devaluation can improve its trade balance when?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The share of essential goods in its imports is high
- 2The price elasticity of demand for its imports is high
- 3The share of imports in its exports is high
- 4The price elasticity of demand for its exports is high✓
Correct answer
The price elasticity of demand for its exports is high
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