If the Canadian dollar appreciates relative to currencies in other countries,then Canadian imports will _____ and exports will _____.

Question

Quizplus · Accepted Answer

When the Canadian dollar appreciates relative to other currencies, imports become relatively cheaper for Canadian consumers, resulting in an increase in imports. On the other hand, exports become relatively more expensive for foreigners, leading to a decrease in exports. Therefore, choice D is the correct answer.

If the Canadian Dollar Appreciates Relative to Currencies in Other