If Canada wants to increase its net exports,it might take steps to:

Question

Quizplus · Accepted Answer

If Canada wants to increase its net exports, it needs to make its exports cheaper and more attractive to foreign buyers. One way to achieve this is by decreasing the price of the Canadian dollar in terms of foreign currencies. When the Canadian dollar is cheaper, foreign buyers can purchase more Canadian goods and services with their currency, which can increase Canada's net exports. Additionally, a stronger Canadian dollar can make Canadian exports less competitive in the global market, leading to a decrease in net exports. Therefore, reducing the price of the Canadian dollar can be an effective strategy to increase net exports.

If Canada Wants to Increase Its Net Exports,it Might Take