Suppose a Foreign Currency Becomes More Expensive in Canada

question 88

Multiple Choice

Suppose a foreign currency becomes more expensive in Canada.How would Canadian exports likely be affected?  

• A) Canadian exports would likely increase. 
• B) Canadian exports would likely first increase, and then decrease. 
• C) Canadian exports would likely remain constant. 
• D) Canadian exports would likely decrease.

Analyze the interplay between treaties, Constitutional rights, and international acts affecting property owned by nationals abroad.

Comprehend the fundamentals of international trade law including tariffs, antidumping, and the role of the World Trade Organization in regulating trade disputes.

Grasp the organizational objectives and mechanisms of international institutions and agreements aimed at fostering economic cooperation and development, such as MIGA, NAFTA, and the Treaty on European Union.

Describe the protection mechanisms for intellectual property rights in an international context, including relevant treaties and conventions.

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Definitions:

Petty Cash

A small amount of cash on hand used for paying expenses too small to merit writing a check or using a credit card.

Account Type

A classification that dictates the nature and purpose of an account, such as assets, liabilities, equity, revenue, or expenses.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, depending on the account type.

Internal Control

Systems and processes implemented by a company to ensure integrity of financial and accounting information, promote accountability, and prevent fraud.