Question

Select the correct answer.
Which trade scenario is most beneficial for a country?
OA. depreciation of the country's currency, decrease in its imports, and increase of its exports
B. appreciation of the country's currency, increase in its imports, and decrease of its exports
C.
D.
appreciation of the country's currency, decrease in its imports, and increase of its exports
depreciation of the country's currency, increase in its imports, and decrease of its exports

Answer 1

Final answer:

Depreciation of the country's currency results in increased exports and decreased imports, benefiting the country's economy.

Explanation:

Depreciation of the country's currency can lead to a decrease in imports and an increase in exports, which is beneficial for a country's economy. When a nation's currency becomes cheaper to other nations, it makes its products more competitive in the global market, boosting exports.

Learn more about Currency Depreciation and Trade Balance here:

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