Initially trade between the United States and Canada is balanced. Then, if a change in the exchange rate reduces the U.S. dollar price of Canadian goods, ceteris paribus*, we would expect ________________

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22-04-2022
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Initially trade between the United States and Canada is balanced. Then, if a change in the exchange rate reduces the U.S. dollar price of Canadian goods, ceteris paribus*, we would expect ________________

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ewomazinoade ewomazinoade · Answer 1 · 2022-04-26T13:21:23+02:00

If a change in the exchange rate reduces the U.S. dollar price of Canadian goods, ceteris paribus*, we would expect a trade surplus in Canada.

What is the impact of a decline in the exchange rate?

When U.S. dollar price of Canadian goods declines, it means that the Canadian dollar has depreciated while the US dollar has appreciated. This means that there would be an increase in the demand for Candian goods. This would increase export. Thus, there would be a trade surplus.

To learn more about exchange rate, please check: https://brainly.com/question/25780725