VIEW ANSWER FOR PART FOUR : The Price Adjustment Mechanisms with Flexible and Fixed Exchange Rates

a. larger is the devaluation or depreciation required to correct a deficit of a given size in the nation's balance of payments

*b. smaller is the devaluation or depreciation required to correct a deficit of a given size in the nation's balance of payments

c. less feasible is a flexible exchange rate system

d. less feasible is a devaluation as a policy to correct a deficit in the nation's balance of payments