When the Canadian dollar strengthens, A. imports are more expensive. B. unemployment increases. C. exports are less expensive. D. real GDP increases. A rise in the value of the Canadian dollarA. will put downward pressure on the Canadian price level.B. will put upward pressure on the Canadian price level.O C. makes Canadian goods relatively cheap.O D. will result in a fall in the prices of Canadian exported goods. If C$1.00 = US$1.05, one U.S. dollar is worthO A. US$0.77.O B. C$1.05.C. C$0.95.O D. US$0.95.

Appreciation in the value of money of a particular country means that the value of currency of that…

Answered: When the Canadian dollar strengthens,…

When the Canadian dollar strengthens, A. imports are more expensive. B. unemployment increases. C. exports are less expensive. D. real GDP increases.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

When the Canadian dollar strengthens,

A. imports are more expensive.

B. unemployment increases.

C. exports are less expensive.

D. real GDP increases.

A rise in the value of the Canadian dollar
A. will put downward pressure on the Canadian price level.
B. will put upward pressure on the Canadian price level.
O C. makes Canadian goods relatively cheap.
O D. will result in a fall in the prices of Canadian exported goods.

If C$1.00 = US$1.05, one U.S. dollar is worth
O A. US$0.77.
O B. C$1.05.
C. C$0.95.
O D. US$0.95.

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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