Devaluation decreases the cost of foreign goods and increases the cost of domestic goods to foreign firms.

Name: Devaluation decreases the cost of foreign goods and increases the cost of domestic goods to foreign firms.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Devaluation decreases the cost of domestic goods to foreign firms and increases the cost of foreign goods to domestic consumers, making domestic goods more competitive in the international market.

Devaluation Decreases the Cost of Foreign Goods and Increases the Cost