In December 2016, the exchange rate was 84 yen per Canadian dollar.
By May 2017, the exchange rate had fallen to 82 yen per Canadian dollar.
As the exchange rate falls, what happens to the prices of Canadian-produced goods and services to foreigners and the volume of Canadian exports?
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Part 1
As the exchange rate falls, prices of Canadian-produced goods and services to foreigners ______ and the volume of Canadian exports ______.
A. fall; decreases
;
B. rise; increases
;
C. fall; increases
;
D. rise; decreases
;