Solved

Which of the Following Statements Is Correct

Question 32

Multiple Choice

Which of the following statements is correct?


A) When the Canadian dollar appreciates,the effective price of Canadian imports decreases and total imports are likely to fall.
B) When the Canadian dollar appreciates,the effective price of Canadian imports decreases and total imports are likely to rise.
C) When the Canadian dollar depreciates,the effective price of Canadian imports increases and total imports are likely to rise.
D) When the Canadian dollar depreciates,the effective price of Canadian imports decreases and total imports are likely to rise.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents