Devaluation of a country's currency is likely to
a. raise the prices of imported goods
b. reduce the prices of exported goods
c. shift resources into production of exported goods
d. raise all prices
e. all of the above
E
You might also like to view...
International data suggests that
a. convergence is not taking place. b. convergence is taking place among poor countries but not among rich countries. c. convergence is taking place among all countries. d. convergence is taking place among rich countries but not among poor countries.
Other than OPEC, the shortage of gasoline in the U.S. in the 1970s could also be blamed on
a. a sharp increase in the demand for gasoline that was brought on by the Vietnam War. b. the government's policy of maintaining a price ceiling on gasoline. c. an indifference among U.S. consumers toward conservation. d. the lack of substitutes for crude oil.