Ceteris paribus,if Canadians decide they want to eat more U.S.-grown soybeans,this causes the ________ U.S.currency to ________.

Question

Quizplus · Accepted Answer

If Canadians decide to eat more U.S.-grown soybeans, this will increase their demand for these soybeans, causing an increase in the demand for U.S. dollars to purchase them. This increased demand for U.S. dollars will lead to an appreciation of the U.S. currency. Therefore, we can conclude that the correct option is D - an increase in the demand for U.S. currency.

Ceteris Paribus,if Canadians Decide They Want to Eat More U