Home  >  CUET  >  CUET-UG Economics / Business Economics Test: International Economics (Including Balance of Payments

Consider the following statements: Devaluation results in a1. rise in the domestic price of imports2. rise in the domestic price of exports3. rise in the domestic price of exports and imports4. fall in the foreign price of exports Which of the above statements are correct?

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International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. Basicaly, International economics deals with issues arising from economic interaction among sovereign nations


Consider the following statements: Devaluation results in a<br>1. rise in the domestic price of imports<br>2. rise in the domestic price of exports<br>3. rise in the domestic price of exports and imports<br>4. fall in the foreign price of exports Which of the above statements are correct?






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