question 8 (1 point) listen assume that the prices of canadian goods stay unchanged. what impact will a drop…

question 8 (1 point) listen assume that the prices of canadian goods stay unchanged. what impact will a drop in the value of the canadian dollar have on the volume of canadas exports and imports? a) imports and exports will fall. b) imports will rise and exports will fall. c) imports and exports will both rise. d) exports will rise and imports will fall.

question 8 (1 point) listen assume that the prices of canadian goods stay unchanged. what impact will a drop in the value of the canadian dollar have on the volume of canadas exports and imports? a) imports and exports will fall. b) imports will rise and exports will fall. c) imports and exports will both rise. d) exports will rise and imports will fall.

Answer

Brief Explanations:

When the value of the Canadian - dollar drops and the prices of Canadian goods remain the same, Canadian goods become cheaper for foreign buyers. So, exports will rise. At the same time, foreign goods become more expensive for Canadian buyers, so imports will fall.

Answer:

d) Exports will rise and imports will fall.