Which one of the following statements is the MOST accurate? （ )
A: A depreciation of a country's currency makes its goods more expensive for foreigners.
B: An appreciation of a country's currency makes its goods more expensive.
C: A depreciation of a country's currency makes its goods cheaper for foreigners.
D: A depreciation of a country's currency makes its goods cheaper.
A: A depreciation of a country's currency makes its goods more expensive for foreigners.
B: An appreciation of a country's currency makes its goods more expensive.
C: A depreciation of a country's currency makes its goods cheaper for foreigners.
D: A depreciation of a country's currency makes its goods cheaper.
举一反三
- One implication of an empirical investigation of the Marshall-Lerner condition is that, in the ________, a real ________ in a nation's currency is likely to ________ the country's current account balance. ( ) A: long-run; appreciation; improve B: short-run; depreciation; improve C: long-run; depreciation; improve D: short-run; appreciation; improve
- According<br/>to the Marshall-Lerner condition, currency depreciation has no effect<br/>on a country's trade balance if the elasticity of demand for its<br/>exports plus the elasticity of demand for its imports equals() A: 0.1 B: 0.5 C: 1.0 D: 2.0
- Assume Countries A, B, and C produce goods that are substitutes of each other and that these countries engage in trade with each other. Assume that Country A's currency floats against Country B's currency, and that Country C's currency is pegged to B's. If A's currency depreciates against B, then A's exports to C should ____, and A's imports from C should ____. A: decrease; increase B: decrease; decrease C: increase; decrease D: increase; increase
- According<br/>to the Marshall-Lerner condition, currency depreciation would have a<br/>negative effect on a country's trade balance if the elasticity of<br/>demand for its exports plus the elasticity of demand for its imports<br/>equals() A: 0.5 B: 1.0 C: 1.5 D: 2.0
- If a nation has a surplus in its current account, 1. it exports fewer goods than it imports2. it exports more goods than it imports3. the value of its currency should fall4. the value of its currency should rise A: 1 and 3 B: 1 and 4 C: 2 and 3 D: 2 and 4