How is an exchange rate depreciation likely to affect imports and exports in the short run and over ...

How is an exchange rate depreciation likely to affect imports and exports in the short run and over a longer period of time?
 
  What will be an ideal response?

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Question 2 - Since the end of World War II,
 
  A) tariffs around the world fell substantially.
  B) agricultural subsidies were significantly reduced.
  C) most nations began to apply tariffs uniformly across all industries.
  D) tariffs increased in low-income countries and fell a small percentage in high-income countries.

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Question 3 - A nation's votes at the IMF are proportional to its population.
 
  Indicate whether the statement is true or false

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Question 4 - In the past twenty years or so, all major U.S. trade legislation has typically included all of the following except
 
  A) negotiating authority for the President to try to achieve new trade agreements.
  B) new U.S. trade barriers in the form of dumping or countervailing duty laws.
  C) new U.S. trade barriers in the form of uniformly higher tariffs on all goods.
  D) expanded laws calling on the President and USTR to investigate and challenge unfair trading practices of foreign countries.