An appreciation of Canadian currency means that
a. Canada's exports will become less expensive
b. Canada's imports will become more expensive
c. Canada's imports will become less expensive
d. it now requires more Canadian currency (CDN $) to exchange for one unit of another currency
e. it now requires less of other currencies to exchange for a unit of Canadian currency (CDN $)
C
You might also like to view...
Describe the scale of redistribution in the United States
What will be an ideal response?
Does it make sense to consider the returns to scale of a production function in the short run?
A) Yes, this is an important short-run characteristic of production functions. B) Yes, returns to scale determine the diminishing marginal returns of the inputs. C) No, returns to scale is a property of the consumer's utility function. D) No, we cannot change all of the production inputs in the short run.
The purchase of a new house is included in government spending
a. True b. False Indicate whether the statement is true or false
Because information is costly to acquire,
a. people will rationally choose not to become fully informed when making decisions. b. people will generally choose to become as fully informed as possible when making decisions. c. people will generally choose to acquire no information that would be relevant to their decisions. d. none of the above are true.