Answer to Question #106606 in Microeconomics for Tucker

Question #106606
“If a country is a net importer, then gold will leave the country until it has no gold left.” True/False. Explain.
1
Expert's answer
2020-03-26T10:15:49-0400

The statement is true since when country is a net importer it will experience weaker currency thus other countries will find it cheaper to buy its gold.This country is likely to have a deficit of gold.


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