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CHAPTER 11: THEORY OF OPEN ECONOMY Q6. Suppose Indonesian suddenly develop a strong taste of Kelantan Batik . Answer the following questions in words and

CHAPTER 11: THEORY OF OPEN ECONOMY

**Q6. Suppose Indonesian suddenly develop a strong taste of Kelantan Batik. Answer the following questions in words and with diagram.

a)What happens to the demand for ringgit in the market for foreign-currency exchange?

b)What happens to the value of ringgit in the market for foreign-currency exchange?

c)What happens to the quantity of net exports?**

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