Given a System of Floating Exchange Rates, If Canada's Labor

question 187

Multiple Choice

Given a system of floating exchange rates, if Canada's labor productivity rises relative to the labor productivity of its trading partners, then

• A) Canadian imports will fall, and the dollar will appreciate.
• B) Canadian imports will fall, and the dollar will depreciate.
• C) Canadian imports will rise, and the dollar will appreciate.
• D) Canadian imports will rise, and the dollar will depreciate.

---

Definitions:

Nature

The inherent features, phenomena, and processes of the physical world, excluding human creations.

Environmental Worldviews

The underlying beliefs and values people hold regarding how the natural world should be viewed and managed.

Logical Conclusions

Deductions or inferences that logically follow from the premises or evidence available.

Human-Centred

An approach or design philosophy that places human needs, capabilities, and behavior first in the development of products, services, or environments.