Which of the Following Statements Is True About the Supply

question 124

Multiple Choice

Which of the following statements is true about the supply curve for the Canadian dollar?

• A)It is downward-sloping because a lower price for the dollar means Canadian goods are cheaper to foreigners.
• B)It is downward-sloping because a higher price for the dollar means Canadian goods are cheaper to foreigners.
• C)It is upward-sloping because a lower price for the dollar means foreign goods are cheaper to Canadians.
• D)It is upward-sloping because a higher price for the dollar means foreign goods are cheaper to Canadians.

---

Definitions:

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over others.

Intergroup Harmony

The peaceful and cooperative interaction between different groups, aiming to reduce conflict and promote mutual understanding and respect.

Jigsaw Classroom

A cooperative learning technique where students are divided into small groups, and each member is given a unique piece of information to learn and then teach to their group mates.

Cooperative Learning

An educational approach involving students working together in small groups to achieve a common goal and enhance their learning experience.