Assume That, Under a System of Flexible Exchange Rates, Mexicans

question 50

Multiple Choice

Assume that, under a system of flexible exchange rates, Mexicans decide to increase their investments in Canada.As a result:

• A)Canadians will want to buy fewer Mexican goods at the new exchange rate.
• B)the peso and the dollar will both depreciate in value.
• C)the peso and the dollar will both appreciate in value.
• D)the peso will depreciate and the dollar will appreciate in value.

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Definitions:

Procedural Justice

The concept that fair and transparent processes are crucial in decision-making contexts, leading to greater acceptance of decisions by those affected, even if the outcomes are not favorable to them.

Interactional Justice

The quality of the interpersonal treatment people receive when procedures are implemented, emphasizing respect and dignity.

Outcome Fairness

The perception among individuals that the outcomes of a decision or process are just, equitable, and appropriate.

Outcome Fairness

The perception that the results of a decision or process are distributed equitably among stakeholders.