A country that wishes to narrow its trade deficit devalues its currency. If domestic demand for imports is perfectly price-inelastic, whether devaluing the currency will result in a narrower trade def

A、a country could easily maintain a balance-of-payments surplus for a long period of time.

B、a deficit country would experience an increase in its money supply and its price level.

C、a surplus country would experience an increase in its money supply and its price level.

D、a country’s internal price level has no relation to the country’s foreign trade activities.

A、Its imports are greater in value than its exports.

B、Price elasticity of import demand is greater than one.

C、Investment increases relative to private and government savings.

A．United kingdom.

B．France.

C．Saudi Arabia.

D．Japan.

A、a trade surplus and positive net exports.

B、a trade surplus and negative net exports.

C、a trade deficit and positive net exports.

D、a trade deficit and negative net exports.

A．imports automatically increase

B．currency automatically depreciates

C．exports automatically decline

D．currency automatically appreciates

A．imports automatically increase

B．exports automatically decline

C．currency automatically depreciates

D．currency automatically appreciates

Trade ______ for a country to exchange its surplus goods for some services abroad.

A．makes possible

B．takes it possible

C．get it possible

D．makes it possible

Which of the following statements is correct？

A．A rich country gets benefits through trade at the expense of its poor country trading partners.

B．A poor country gets benefits through trade at the expense of its rich country trading partners.

C．In trade, one side or the other must lose because the benefits must come from somewhere.

D．In trade, it is possible for every part involved winning at the expense of nobody.