If the Exchange Rate Changes from C$1

question 169

Multiple Choice

If the exchange rate changes from C$1.50 per U.S. dollar to C$1.67 per U.S. dollar

• A) the U.S. dollar has appreciated.
• B) the U.S. dollar has depreciated.
• C) Canadian tourists planning a trip to the United States will be pleased.
• D) U.S. tourists planning a trip to Canada will be displeased.

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Definitions:

Gathering Data

The process of collecting information from various sources to analyze, interpret, or make decisions.

Bias

A prejudice in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Bias

An inclination or prejudice for or against one person or group, especially in a way considered to be unfair.

Sociological Research

The systematic study of societies and social behavior, employing various methods to collect and analyze data to understand social phenomena.