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14. The J-curve effect is the initial worsening of the U.S. trade balance due to a weakening dollar because of established trade relationships that are

14. The J-curve effect is the initial worsening of the U.S. trade balance due to a weakening dollar because of established trade relationships that are not easily changed; as the dollar weakens, the dollar value of imports initially rises before the U.S. trade balance is improved.

    1. True
    1. False

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