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If an imported item from China cost $20 today in the U.S., what would happen to the price of the item if the dollar depreciated
If an imported item from China cost $20 today in the U.S., what would happen to the price of the item if the dollar depreciated in value relative to the Chinese Yuan? Its price would a. Decrease to $15 b. Rise to $25 c. Stay the same d. All of the above are possible
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