O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2023 · Q181 Mark
Why would devaluing the international value of an economy's currency help reduce unemployment?
ADevaluing the currency would increase the cost of production.
BDevaluing the currency would increase the confidence of investors.
CDevaluing the currency would increase the foreign demand for domestic products.
DDevaluing the currency would increase the demand for imports.
✓ Correct answer
C: Devaluing the currency would increase the foreign demand for domestic products.
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