Suppose There Is a Rise in the World Price of Canada's

question 4

Multiple Choice

Suppose there is a rise in the world price of Canada's imports.If the Canadian demand for imports has a price elasticity greater than 1 (elastic) ,the demand for foreign exchange will ________ and the Canadian dollar will ________.

• A)rise; appreciate
• B)rise; depreciate
• C)fall; appreciate
• D)fall; depreciate
• E)fall; and remain constant

---

Definitions:

Social Design

Involves creating environments, systems, or products that address societal challenges and improve community well-being through participatory design processes.

Major Goal

A primary or most important objective that an individual or organization aims to achieve.

Personal Control

The extent to which an individual feels they can influence or direct events in their own life.

Social Support

The perception or reality of assistance and solidarity available from others, which can be emotional, informational, or material.