Under the current managed float exchange rate regime;countries with surpluses in their balance of payments frequently do not want to see their currencies appreciate because it makes their goods ________ expensive abroad and foreign goods ________ in their countries.

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Countries with surpluses in their balance of payments often resist currency appreciation because it makes their goods more expensive abroad, reducing their competitiveness, and makes foreign goods cheaper in their own country, which can hurt domestic industries.

Under the Current Managed Float Exchange Rate Regime;countries with Surpluses