Suppose That in 2002 the Exchange Rate Between the Canadian

question 26

Multiple Choice

Suppose that in 2002 the exchange rate between the Canadian dollar and the Japanese yen was
$1 = 220 yen,and in 2012 it was $1 = 100 yen.
-Refer to the above information.Which one of the following might be a plausible explanation for the change in the dollar-yen exchange rate cited in the previous question?

• A) Japan exported far more to Canada during this period than it imported from Canada.
• B) Japan greatly increased its purchases from Canada during this period.
• C) Japan's economy grew far faster than the Canadian economy during this period.
• D) Japan's government devalued the yen during this period.

---

Definitions:

Hierarchy

A system in which members of an organization or society are ranked according to relative status or authority.

Social Mobility

The movement of individuals, families, or groups through a system of social hierarchy or stratification.

Social Stratification

A system by which society ranks categories of people in a hierarchy based on factors like wealth, income, race, education, and power.

Hierarchical Ranking

A system where entities are arranged in a graded order from lowest to highest based on certain criteria.