Asked by Emily Calabrese on May 19, 2024
Verified
Depreciation of the dollar will tend to _______ the prices we pay for our imports and ______ the prices that foreigners pay for our exports.
Depreciation
The process of allocating the cost of a tangible or physical asset over its useful life, reflecting wear and tear or obsolescence.
Imports
Goods and services purchased by a country from other countries.
Exports
Goods or services produced domestically and sold to buyers in another country.
- Comprehend the impacts of currency valuation on global commerce.
- Assess the effects of currency value increase and decrease on import and export activities.
Verified Answer
AM
Learning Objectives
- Comprehend the impacts of currency valuation on global commerce.
- Assess the effects of currency value increase and decrease on import and export activities.