A Rise in the Canadian-Dollar Price of Foreign Currency,other Things

question 128

Multiple Choice

A rise in the Canadian-dollar price of foreign currency,other things being equal,causes Canada's net export (NX) function to shift ________ and ________.

• A)upward; become flatter
• B)upward; become steeper
• C)downward; become flatter
• D)downward; keep the same slope
• E)downward; become steeper

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Definitions:

Cumulative Savings

Total savings accumulated over time usually as a result of cost-saving strategies and efficiencies.

Value Analysis

A systematic approach to assess the function of goods or services with the goal of reducing cost while maintaining or improving quality and performance.

Purchase Item

Refers to any good or service that is acquired by an individual or organization through buying.

Function

The specific purpose or role that an entity or a process serves within a larger system or organization.