Which Statement Is Consistent with an Appreciation of the Dollar

question 144

Multiple Choice

Which statement is consistent with an appreciation of the dollar?

• A) Canadian goods become less expensive relative to foreign goods, which makes exports rise and imports fall.
• B) Canadian goods become less expensive relative to foreign goods, which makes exports fall and imports rise.
• C) Canadian goods become more expensive relative to foreign goods, which makes exports rise and imports fall.
• D) Canadian goods become more expensive relative to foreign goods, which makes exports fall and imports rise.

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Definitions:

Direct Materials

The raw materials that can be directly traced to the manufacturing of a product and are considered a variable cost.

Profitable Product Lines

Specific categories of products that generate more revenue than the costs associated with their production and marketing.

Unassembled Product

Product components that have not yet been put together or manufactured into a final product.