4044EconomicsMedium
Empirical evidence regarding in the effects of currency depreciation on the balance of trade indicates that?
Adepreciation generally improves the trade balance
Bdepreciation has no effect on the trade balance
Cdepreciation generally hurts the trade balance
Dno strong generalization is possible
Correct answer
D. no strong generalization is possible
Explanation
The correct answer is no strong generalization is possible.