A large industrialized country has recently devalued its currency in an attempt to correct a persistent trade
Question:
A large industrialized country has recently devalued its currency in an attempt to correct a persistent trade deficit. Which of the following domestic industries is most likely to benefit from the devaluation?
A. Luxury cars B. Branded prescription drugs C. Restaurants and live entertainment venues
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A Luxury cars When a country devalues its currency its exports become cheaper for foreig...View the full answer
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Related Book For
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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