If the Exchange Rate Changes So That More Swiss Francs

question 125

Multiple Choice

If the exchange rate changes so that more Swiss francs are required to buy a dollar, then:

• A)the Swiss franc has appreciated in value.
• B)Canadians will buy more Swiss goods and services.
• C)more Canadian goods and services will be demanded by the Swiss.
• D)the dollar has depreciated in value.

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Definitions:

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Jobs and Income Argument

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Declining Industries Argument

The declining industries argument posits that sectors experiencing a sustained decrease in demand or productivity require intervention or support, often invoking protectionist measures to safeguard employment and regional economies.

Imported Steel

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