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From a 13 November 2007 article: an American dollar ($1) could buy about 1.50 in Canadian dollars (C1.50). Smugglers would buy marijuana in Canada, which
From a 13 November 2007 article: an American dollar ($1) could buy about 1.50 in Canadian dollars (C1.50). Smugglers would buy marijuana in Canada, which cost C2,000 to produce a pound. The ER changed to parity, or $1=C1. Before the dollar depreciation, if you wanted to purchase a pound and a half of marijuana at cost, it would cost you _______ in dollars. After the ER change, it cost _________. As a result, exports from Canada to the US have ________.
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