Trade deficits and j-curve adjustment paths. assume the united states has the following import/export volumes and prices. it undertakes a major "devaluation" of the dollar, say 16 % on average against all major trading partner currencies. what is the pre-devaluation and post-devaluation trade balance? initial spot exchange rate, $/fc 1.97 price of exports, dollars ($) 19.9900 price of imports, foreign currency (fc) 10.3100 quantity of exports, units 150 quantity of imports, units 170 percentage devaluation of the dollar 16.00