Suppose There Is a Rise in the World Price of Canada's

question 28

Multiple Choice

Suppose there is a rise in the world price of Canada's imports.If the Canadian demand for imports has a price elasticity less than 1 (inelastic) ,the demand for foreign exchange will ________ and the Canadian dollar will ________.

• A)rise; appreciate
• B)rise; depreciate
• C)fall; appreciate
• D)fall; depreciate
• E)fall; and remain constant

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Definitions:

Uniform Limited Liability Company Act

A comprehensive statute that provides a legal framework for the formation, operation, and dissolution of limited liability companies (LLCs) in the United States.

LLCs

Limited Liability Companies; a flexible form of enterprise that blends elements of partnership and corporate structures, offering limited liability protection to its owners.

Limited Partnership Origin

The beginning or establishment of a partnership structure where there are one or more general partners with unlimited liability, and one or more limited partners with liability limited to the amount of their investment.

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.