Suppose that you are a U. S. producer of a commodity good competing with foreign producers. Your inputs of production are priced in dollars and you sell your output in dollars. If the U. S. currency depreciates against the currencies of our trading partners:
a. Your competitive position is likely worsened
b. Your competitive position is likely improved
c. Your competitive position is unchanged
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Suppose that you are a U. S. producer of a commodity good competing with foreign producers. Your inp...
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