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Author Question: Why did some countries deliberately devalue their currencies following the end of the gold standard? ... (Read 85 times)

erika

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on: Jul 7, 2018
Why did some countries deliberately devalue their currencies following the end of the gold standard?
 
  What will be an ideal response?

Question 2

According to the PLC theory of trade, most new products are produced in countries where wage rates are low.
 
  Indicate whether the statement is true or false


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jessofishing

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Reply #1 on: Jul 7, 2018
Answer to Question 1

By deliberately and artificially lowering the official value of its currency, each nation hoped to make its own goods cheaper in the world markets. This would stimulate exports and reduce imports.

Answer to Question 2

FALSE


erika

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Reply 2 on: Jul 7, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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