Multiple Choice
If Americans develop stronger preferences for Canadian natural gas, then the likely result is that
A) the exchange value of the U.S. dollar will fall relative to the exchange value of the Canadian dollar.
B) the exchange value of the U.S. dollar will rise relative to the exchange value of the Canadian dollar.
C) the price of Canadian natural gas will decline when measured in terms of the Canadian dollar.
D) the price of Canadian natural gas will remain constant when measured in terms of the Canadian dollar.
Correct Answer:
Verified
Correct Answer:
Verified
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