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:
Verified
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