If both Canadian exporters and importers are content with the Canadian exchange rate, what would keep them content tomorrow?
a. a stronger Canadian dollar
b. a weaker Canadian dollar
c. appreciation of the Canadian exchange rate
d. depreciation of the Canadian exchange rate
e. no change in the Canadian exchange rate
E
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A quasi-public good differs from a public good in that unlike a public good, it is possible to keep those who do not pay for the quasi-public good from enjoying the benefits of the good
Indicate whether the statement is true or false
Assume the market for cage-free eggs is perfectly competitive. All else equal, as more farmers choose to produce and sell cage-free eggs, what is likely to happen to the equilibrium price of the eggs and profits of these farmers in the long run?
A) The equilibrium price is likely to remain unchanged and profits are likely to increase. B) The equilibrium price is likely to decrease and profits are likely to decrease. C) The equilibrium price is likely to increase and profits are likely to increase. D) The equilibrium price is likely to increase and profits are likely to remain unchanged.