What Would Be the Effect of a Rightward Shift of the Canadian

question 26

Multiple Choice

What would be the effect of a rightward shift of the Canadian demand curve for foreign exchange?  

• A) The price of foreign exchange in Canada would decrease. 
• B) The value of the Canadian dollar would decrease. 
• C) The value of the Canadian dollar would increase. 
• D) Foreign goods would become less expensive in terms of Canadian dollars.

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Definitions:

Traditional Thinking

Traditional thinking refers to ideas and beliefs that are handed down from generation to generation, often resistant to change and rooted in historical and cultural precedents.

Sociological Thinking

The process of questioning the obvious, examining societal patterns, and considering the social context of behaviour.

Scientific Thinking

A method of inquiry that emphasizes empirical evidence, skepticism, and the systematic pursuit of knowledge through observation and experimentation.

Abstract Proposition

An abstract proposition is a theoretical statement that expresses a concept or idea in a general or universal form, often used to build and explain theories.