Answer to Question #246349 in Macroeconomics for Juan

Question #246349

The change in the R/$ exchange rate from R13.50 = $1 to R15.50 = $1 may …

A. lead to a decline in imports and exports.
B. lead to an increase in imports and a decrease in exports.
C. lead to a decline in imports and an increase in exports.
D. lead to an increase in imports and exports.

Expert's answer

C. lead to a decline in imports and an increase in exports.

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