Question

How does a decrease in value of a country's currency relative to other currencies affect its balance of trade? a. A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and reduces the balance of trade. b. A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and reduces the balance of trade. c. A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and increases the balance of trade. d. A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and increases the balance of trade.

          How does a decrease in value of a country's currency relative to other currencies affect its balance of trade?

a.
A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and reduces the balance of trade.

b.
A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and reduces the balance of trade.

c.
A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and increases the balance of trade.

d.
A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and increases the balance of trade.

Added by Saleem A.

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