When a country\'s currency depreciates, foreigners find that its exports are mor

Question

When a country's currency depreciates, foreigners find that its exports are more expensive, and domestic residents find that imports from abroad are more expensive. foreigners find that its exports are more expensive, and domestic residents find that imports from abroad are cheaper. foreigners find that its exports are cheaper; however, domestic residents are not affected. foreigners are not affected, but domestic residents find that imports from abroad are more expensive. foreigners find that its exports are cheaper and domestic residents find that imports from abroad are more expensive.

Explanation / Answer

answer A0 foreigners find that their exports are expensive and domestic reidents find that their imports are more expensive

reason- now more currency per unit has to be paid by domestic residents for imports due to depreciation

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