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MGMT615 GDB Solution Spring 2022
When the value of the dollar goes up, the price of goods made in the United States on foreign markets goes up as well. Pakistanis are now in a position both financially and logistically to import goods at lower costs as a direct consequence of this development.
When the value of a nation's native currency is reduced, it makes the prices of imported products more competitive with those of commodities from other countries. This is beneficial to both exports and imports. Inflation has an immediate and direct effect not only on the cost of commodities but also on the cost of labor.
When there is a growth in the number of goods sent overseas, there is also a corresponding rise in the number of products that have to be brought in. Imports, which may include items like industrial supplies and equipment in addition to essential necessities like petroleum, are very important to Pakistan's economy.
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