What Will Be the Result of a Change in Exchange

question 43

Multiple Choice

What will be the result of a change in exchange rates if fewer Mexican pesos are needed to buy a Canadian dollar?

• A)Canadians will buy more Mexican goods and services.
• B)Mexicans will buy fewer Canadian goods and services.
• C)Canadians will buy fewer Mexican goods and services.
• D)Mexicans will buy more Mexican goods.

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Definitions:

Consolidated Omnibus Budget Reconciliation Act

A federal law in the United States that provides individuals and their families the right to continue health care coverage under the group plan for limited periods under certain conditions.

Unemployment Insurance

A federally mandated program to minimize the hardships of unemployment through payments to unemployed workers, help in finding new jobs, and incentives to stabilize employment.

Voluntary Unemployment

The condition of being without employment by choice, often due to personal reasons rather than external economic conditions.