Suppose that the exchange rate between Canadian dollars and U.S. dollars is $0.60 U.S. dollars per Canadian dollar. If the exchange rate goes to $0.50 U.S. dollars per Canadian dollar, it would tend to:
a. increase U.S. exports to Canada
b. decrease U.S. exports to Canada.
c. increase Canadian exports to the United States.
d. both (b) and (c)
d
Economics
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