The nation of Elbonia has long banned the export of its highly prized puka shells. A newly
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The nation of Elbonia has long banned the export of its highly prized puka shells. A newly elected president, however, removes the export ban. This change in policy causes the nation’s currency to _________, making the goods Elbonia imports _________ expensive.
a. depreciate; less
b. depreciate; more
c. appreciate; less
d. appreciate; more
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