Answered

Connect with knowledgeable individuals and find the best answers at IDNLearn.com. Join our community to receive prompt and reliable responses to your questions from experienced professionals.

Question 5 of 10

Which situation would allow a country to increase the goods it imports despite spending the same amount of money?

A. The inflation rate of the country's currency increased.
B. The exchange rate for the country's currency increased.
C. The country's currency experienced a major decline in interest rates.
D. The country's government approved an increase in its trade deficit.

Sagot :

GinnyAnsweridn

Final answer:

Increasing imports with the same expenditure can happen if the exchange rate for the country's currency increases.


Explanation:

Increasing imports while spending the same amount of money can be achieved when the exchange rate for the country's currency increases. A higher exchange rate makes importing goods more affordable despite the expenditure remaining constant. This situation can lead to a rise in imports without altering the money spent.


Learn more about International Trade and Exchange Rates here:

https://brainly.com/question/43883215


Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. IDNLearn.com provides the best answers to your questions. Thank you for visiting, and come back soon for more helpful information.