Suppose the exchange rate between Canadian dollars and U.S.dollars is $0.60 U.S.dollars per Canadian dollar.If the exchange rate goes to $0.70 U.S.dollars per Canadian dollar,what will happen to the exports of American goods into Canada?
A) They will tend to fall.
B) They will tend to change in an indeterminate direction.
C) They will tend to rise.
D) They will tend to stay the same.
Correct Answer:
Verified
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