If, in Retaliation for "Unfair" Trade Practices, the Canadian Government

question 44

Multiple Choice

If, in retaliation for "unfair" trade practices, the Canadian government imposes a 30 percent tariff on Japanese DVD recorders, but at the same time, Canadian demand for Japanese goods increases, then, in the long run, ________, everything else held constant.

• A)the Japanese yen should appreciate relative to the Canadian dollar
• B)the Japanese yen should depreciate relative to the Canadian dollar
• C)there is no effect on the Japanese yen relative to the Canadian dollar
• D)the Japanese yen could appreciate, depreciate or remain constant relative to the Canadian dollar

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Definitions:

Sexual Harassment

Unwanted or inappropriate sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature in the workplace.

Civil Rights Act

Landmark legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin, initially focused on voting rights and the segregation of public accommodations.

Punitive Damages

Monetary compensation awarded in lawsuits as a punishment to the defendant and deterrent against future similar acts.