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When a Nation's Demand Curve for Imports in Terms of the Foreign

Question 7

Multiple Choice

When a nation's demand curve for imports in terms of the foreign currency is vertical:


A) the nation's demand curve for the foreign currency has zero elasticity
B) the nation's demand for the currency is elastic
C) the nation's supply of the currency is vertical
D) the other nation's demand for the nation's currency has zero elasticity

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