Q.

Devaluation makes import -

A. Competitive
B. Inelastic
C. Cheaper
D. Dearer
Answer» D. Dearer
Explanation: Devaluation makes import expensive and discourages it, while the export of a country that devalues becomes cheaper and thereby induces trade partners to import more goods from her. Nations that produce industrial goods on a large scale stand to benefit from devaluation.
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