Empirical evidence regarding the effects of devaluation on the balance of trade indicates that
A) devaluation generally improves the BOT.
B) devaluation generally hurts the BOT.
C) no strong generalizations are possible.
D) devaluation has no effect on the BOT.
C
Economics
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Provide a concise statement about the relationship between a developing country's emphasis on the export of traditional commodities and:
(a) export earnings stability; (b) comparative advantage; (c) terms of trade.
Economics
Which of the following is FALSE about indirect price discrimination
a. The firm is able to identify each customer's willingness to pay b. The firm is able to charge different prices to the different value customers c. The firm is be able to prevent arbitrage d. All of the above
Economics