Economics · International Trade

Currency devaluation is generally recommended to improve the trade balance if the foreign demand for a country's exports is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Unitary Elastic
2Perfectly Inelastic
3Inelastic
4Elastic✓

Correct answer

Elastic

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Currency devaluation is generally recommended to improve the trade balance if the foreign demand for a country's exports is:

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Currency devaluation is generally recommended to improve the trade balance if the foreign demand for a country's exports is:

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