CUET EconomicsMacro > EasyImports and Exports both become expensiveImports become expensive and Exports become cheaperImports become cheaper and Exports become expensiveImports and Exports both become cheaper✅ Correct Option: 2Related questions:16 May Shift 1Which of the following is not an autonomous transaction of the balance of payments?13 May Shift 1Suppose an Indian manufacturer of steel acquires a steel manufacturing unit in Europe. This type of transactions are recorded in which of the following.15 May Shift 1Which of the following is not a merit of the flexible exchange rate system?