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Countries that have something (materially) to export can let their currency weaken against others.
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Do you even know what our chief export is? It's higher ( university ) education, as I mentioned. The cheaper the dollar is, the more foreign students can afford to get educations in the US.
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Top 12 Export Product Groups 1996
In Millions of US Dollars
1. Electrical machinery, apparatus and appliances
$70,287
2. Road vehicles
51,703
3. Office machines and automatic data processing machines
45,751
4. Transport equipment
34,356
5. Miscellaneous manufactured articles
30,694
6. General industrial machinery and equipment
27,370
7. Machinery specialized for particular industries
26,628
8. Power generating machinery and equipment
23,169
9. Professional scientific and control instruments and apparatus
21,441
10. Telecommunication and sound record and reproduce apparatus and equipment
21,414
11. Cereals and cereal preparations
18,153
12. Organic chemicals
15,012
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