Syste, × Y ? woek Four-EC0204 Pri. : Take Test week Four Fin X CSecure |https:/
ID: 1151292 • Letter: S
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Syste, × Y ? woek Four-EC0204 Pri. : Take Test week Four Fin X CSecure |https:/ e assessment.id1 id- 186972 18course id- 772991 Remaining Time:1 hour, 48 minutes, 48 seconds. Question Completion Status QUESTION 37 When the dollar appreciates relative to the Canadian dollar ?a. Canadian goods become more expensive in the United States. us goods become more expensive in Canada. CU.S. residents tend to buy more from Canada, since the United States has a weak curre O d. the United States sells more goods to Canada QUESTION 38 If the United States exports $200 billion of goods and services and imports $150 billion of goods and services and there is no other factor income or transfers, the balance on the current account is O a. $250 billion O b $250 bilion 0 S50 bilion Od..ssa bilion Click Sarg and Submit to sne and submt. Cick Save Ali Answers to sove a?answers 8Explanation / Answer
37) The correct choice is b
Explanation : - When US dollar appreciates relative to Canadian dollar, then Canadian citizens will have to pay more US dollars to buy US goods and therefore US goods become more expensive in Canada.
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38) The correct choice is C . $ 50 billion
Explanation : - The largest component in the current account balance is net exports (exports minus imports) .
Current account balance = $ 200 billion - $ 150 billion
Current account balance = $ 50 billion.
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