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2. Statistics from the mid-1980s show that the price of the Canadian dollar in terms of US dollars fell somewhat, while the price of the

2. Statistics from the mid-1980s show that the price of the Canadian dollar in terms of US dollars fell somewhat, while the price of the Canadian dollar rose in terms of British pound, which: (1) made it easier for Canadian exporters to sell their goods in Britain, but made it more difficult for them to compete in the United States. (2) made British goods more expensive in Canada. (3) shows that the price of the US dollar in terms of British pound must have fallen. (4) made it easier for Canadian importers to buy their goods from Britain, but made it more difficult for them to buy from the United States

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