Petroleum is sold in a world market and tends to be priced in U.S. dollars. The Phosphate
Question:
Petroleum is sold in a world market and tends to be priced in U.S. dollars. The Phosphate Group of Morocco must import petroleum to produce fertilizer and other chemicals. How are its profits affected when the Dirham (Moroccan currency)
depreciates against the dollar?
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When the Dirham Moroccan currency depreciates against the US dollar it means that the value of the Dirham falls relative to the US dollar In the conte...View the full answer
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Related Book For 
International Economics Theory And Policy
ISBN: 9781292409719
12th Edition
Authors: Paul Krugman , Maurice Obstfeld, Marc Melitz
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