If the exchange rate between the dollar and the Euro changes from $1 per euro to $2 per euro,what impact will this have on the prices and imports of European goods for Canadians?
A) European goods will become more expensive for Canadians, and imports of European goods to Canada will fall.
B) European goods will become less expensive for Canadians, and imports of European goods to Canada will fall.
C) European goods will become less expensive for Canadians, and imports of European goods to Canada will rise.
D) European goods will become more expensive for Canadians, and imports of European goods to Canada will rise.
Correct Answer:
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