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If the US dollar was overvalued how could this explain the trade deficit in terms of the relative price of...?

imports and exports. Please help Colin

2006-11-21 06:16:34 · 1 answers · asked by Colin G 1 in Social Science ➔ Economics

1 answers

If the US dollar was overvalued then the dollar would buy foreign goods much cheaperly and hence imports exceed exports and hence the budget deficit.

2006-11-21 08:06:10 · answer #1 · answered by Dirk N 3 · 0⤊ 0⤋

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