Which statements are true? A lower value of the Canadian dollar makes:
1) R.O.W. imports and assets more expensive for Canadians.
2) R.O.W. imports and assets less expensive for Canadians.
3) Canadian exports and assets more expensive for non-Canadians.
4) Canadian exports and assets less expensive for non-Canadians.

Question

Quizplus · Accepted Answer

A lower value of the Canadian dollar makes R.O.W. imports and assets more expensive for Canadians (option 1) and Canadian exports and assets less expensive for non-Canadians (option 4). Option 2 is incorrect because a lower value of the Canadian dollar would make R.O.W. imports and assets more expensive, not less expensive. Option 3 is incorrect because a lower value of the Canadian dollar would make Canadian exports and assets less expensive, not more expensive, for non-Canadians.

Which Statements Are True? a Lower Value of the Canadian