According to economic theory, under which condition does a depreciation of the domestic currency result in the smallest improvement in the country’s trade balance?

Exchange-Rate Adjustments And The Balance of MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

Exchange-Rate Adjustments And The Balance of

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Exchange-Rate Adjustments And The Balance ofeconomics-mcqs › exchange-rate-adjustments-and-the-balance-of
Published
1 Jun 2019
Last updated
28 May 2026

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Explanation

A depreciation of the domestic currency tends to improve the trade balance the least when both the home country’s demand for imports and the foreign countries’ demand for exports are inelastic. In this scenario, quantity demanded does not respond significantly to price changes, limiting the positive effect on the trade balance.

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