which situation would allow a country to increase the value of its imports without increasing the amount of money it spent in trade

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05-07-2021
Social Studies

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which situation would allow a country to increase the value of its imports without increasing the amount of money it spent in trade

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topeadeniran2 topeadeniran2 · Answer 1 · 2021-07-10T22:17:55-04:00

Answer: The value of the country's currency increases relative to other.

Explanation:

Import refers to the good which are purchased from other countries and brought into a particular country.

The situation whereby a country can increase the value of its imports without increasing the amount of money it spent in trade is when the value of the country's currency increases relative to other.

As a result of the appreciation of the currency, this will lead to the rise in the import value without increasing the amount of money it spent in trade.

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