Asked by Marah Owens on Jun 15, 2024
Verified
If the exchange rate falls, domestic goods become relatively ______ expensive. This change in the affordability of domestic goods makes domestic goods _____ attractive to domestic residents. So, _______ ______.
Exchange Rate
The price of one country's currency expressed in the currency of another country, influencing international trade and investment flows.
Affordability
A measure of an individual's financial ability to meet the cost of living or purchase goods and services.
- Evaluate the influence of exchange rate fluctuations on the request for goods within the country and aboard.
Verified Answer
CB
Learning Objectives
- Evaluate the influence of exchange rate fluctuations on the request for goods within the country and aboard.