What impact will there be on Canadian imports and exports if the Canadian dollar decreases in relation to other currencies?

Imports will increase and exports will decrease.

Imports will decrease and exports will increase.

Imports and exports will both increase.

Imports and exports will both decrease.

If the US goes into a recession, what effect will this have on demand for Canadian goods?

It will increase.

It will stay the same.

It will decrease.

It will become negative.

If interest rates in Canada increase relative to the rest of the world, what will be the effect on the demand for Canadian dollars?

It will increase.

It will stay the same.

It will decrease.

It will become negative.