If the Value of the Canadian Dollar Increases Substantially Relative

question 4

Multiple Choice

If the value of the Canadian dollar increases substantially relative to other currencies, what is the likely result?

• A) Canadian exports and imports will increase.
• B) Canadian exports and imports will decrease.
• C) Canadian exports will increase and imports will decrease.
• D) Canadian exports will decrease and imports will increase.

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Definitions:

Voter Preference

The inclination or favoritism of voters towards particular candidates, parties, or policies in an election.

T Test

A statistical test used to compare the means of two groups to determine if they are significantly different from each other.

Mann-Whitney U Test

is a non-parametric statistical test used to compare differences between two independent groups when the dependent variable is ordinal or continuous but not normally distributed.

Chi-Square Test

A statistical test used to determine the significance of an observed association between categorical variables.