Survey Of Economics
10th Edition
ISBN: 9781337111522
Author: Tucker, Irvin B.
Publisher: Cengage,
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Students have asked these similar questions
Question 10
Which statement is supported by the information in the table?
Export and Import Table
Canada
United States
Top Export Partners
n
Export Partner
D
United States
United Kingdom
Canada
Mexico
China
Japan
Percent of Exports
73.70%
4.20%
19.00%
13.30%
7.00%
4.50%
Top Import Partners
Import Partner
United States
China
Mexico
China
Canada
Mexico
Japan
Germany
B The United States exports more goods to China than to Canada.
Percent of Imports
49.50%
Trade with China disrupts trade between the United States and Canada.
10.80%
A Canada and the United States are each the chief exporting nation to the other.
5.50%
18.40%
14.20%
11.70%
5.80%
4.40%
Canada imports more goods from the United States than it exports to the United States.
Question 3 (Supply and Demand)
Evaluate the effect of the following on the Canada-US exchange rate:
a) A tariff is placed on the import of Canadian goods into the US.
b) The U.S. stock market is expected to significantly increase in value.
c) The saving rate in Canada (% of income saved) significantly increases.
d) The US significantly increases taxes on capital investment.
e) A decrease in the price of flights to Florida in February.
(2).(a)What factors affect equilibrium
exchange rate in the foreign exchange
market? Use appropriate
graphical illustrations to analyze the
impact of relative inflation rates and relative
interest rates on
the exchange rate for the British pound
sterling in terms of the U.S. dollar.
(b)Šuppose the exchange rate for the Iraqi
Dinar moves from $0.00069 to $0.00072.
Which currency
has appreciated and by what percentage?
Which currency depreciated and by what
percentage?
Knowledge Booster
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