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Suppose that the exchange rate between Mexican pesos and Canadian dollars is 8 pesos per dollar. If the exchange rate goes to 10 pesos per
Suppose that the exchange rate between Mexican pesos and Canadian dollars is 8 pesos per dollar. If the exchange rate goes to 10 pesos per dollar, what would this change tend to do?
a. increase Canadian exports to Mexico and decrease Mexican exports to Canada
b. decrease Canadian exports to Mexico and increase Mexican exports to Canada
c. increase Mexican exports to Canada and increase Canadian exports to Mexico
d. decrease Mexican exports to Canada and decrease Canadian exports to Mexico
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