What Would a Depreciation of the Canadian Real Exchange Rate

question 13

Multiple Choice

What would a depreciation of the Canadian real exchange rate induce Canadian consumers to buy?

• A) fewer domestic goods and foreign goods
• B) more domestic goods, but fewer foreign goods
• C) fewer domestic goods, but more foreign goods
• D) more domestic goods and foreign goods

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Definitions:

Union Officers

Military leaders or officials in the Union army during the American Civil War.

Confederacy

A league or alliance, especially of states or groups. Historically, it also refers to the Confederate States of America, a collection of 11 southern states that seceded from the United States in 1860-1861.

Northern Officers

Military leaders from the Northern states of the United States, notably the Union side during the American Civil War, who held command positions.

Battle of Bull Run

The Battle of Bull Run refers to two significant battles during the American Civil War, known as the Battle of First Bull Run (or First Manassas) in 1861 and the Battle of Second Bull Run (or Second Manassas) in 1862, both named after a nearby creek in Virginia.