The U.S. and Japan have significant trade with each other. Which ...

[Diane]

Question 1

If exchange rates are fixed, then an increase in Canada's export prices causes

◦ U.S. import prices to fall.
◦ U.S. import prices to rise.
◦ Canadian import prices to fall.
◦ Canadian import prices to rise.

Question 2

The U.S. and Japan have significant trade with each other. Which of the following is 
true?

◦ U.S. prices increase ⇒ U.S. exports increase ⇒ Japanese prices decrease.
◦ U.S. prices increase ⇒ U.S. imports increase ⇒ Japanese prices increase.
◦ U.S. prices decrease ⇒ U.S. imports increase ⇒ Japanese prices increase.
◦ U.S. prices decrease ⇒ U.S. exports decrease ⇒ Japanese prices increase.

[miss.ashley]

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[Diane]

Thank you!

[miss.ashley]

Always glad to help...