Multiple Choice
The Canadian demand for pounds is:
A) downward sloping because a higher dollar price of pounds means British goods are cheaper to Canadians.
B) downward sloping because a lower dollar price of pounds means British goods are more expensive to Canadians.
C) upsloping because a lower dollar price of pounds means British goods are cheaper to Canadians.
D) downward sloping because a lower dollar price of pounds means British goods are cheaper to Canadians.
Correct Answer:
Verified
Correct Answer:
Verified
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