The primary differences in economic structure among different countries relate to ownership of resources and the manner in which economic activities are coordinated

When the exchange rate moves from $1 = CAD1.5 to $1 = CAD1.66, it implies:

a. the U.S. dollar has depreciated in relation to the Canadian dollar. b. U.S. imports of Canadian goods will rise. c. the dollar price of the Canadian dollar has risen. d. the Canadian dollar has appreciated in relation to the U.S. dollar. e. Canadian imports of U.S. goods will rise.

A machine produces no benefits now, but $200 in benefits at the end of a year. At the end of the year it falls apart into a heap of dust never to be used again. The present value of its income stream is approximately

A. $200 if the interest rate is 20%. B. $220 if the interest rate is 10%. C. $200 no matter what the interest rate is. D. $182 if the interest rate is 10%.