If Canada Wanted to Reduce the Cost of Its Goods

question 76

Multiple Choice

If Canada wanted to reduce the cost of its goods in foreign markets,it could

• A) revalue its currency.
• B) devalue its currency.
• C) pay off its trade deficit.
• D) borrow from the Exim bank.
• E) sell more goods abroad.

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Definitions:

Semiconductor

A material with electrical conductivity between that of a conductor and an insulator, used in most electronic devices.

Bering Strait

A narrow body of water between Russia and Alaska, serving as the maritime boundary between the Asia and North America continents.

Tenochtitlan

The capital city of the Aztec empire, founded in 1325, known for its complex social, military, and religious structures; located in what is now Mexico City.

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The indigenous peoples of the United States, including American Indians, Alaska Natives, and Native Hawaiians.