Task a. Canada encourages foreign immigrants skilled in areas such as engineering, IT, medicine, and even mining to apply for jobs and eventually qualify for residency and citizenship. Do you expect the Canadian tax base to expand? Explain two specific examples of how the tax base is likely to expand.
Task b. The Federal Reserve Bank recently raised interest rates. How is this likely to affect the exchange rate? Show how the changes will affect the foreign exchange graph below.
Task c. How much is imported before and after the tariff? b) How much tariff revenue is paid to the government as a result of the imposed import tariff?
Task d. Successive US administrations have accused the Chinese government of manipulating their currency (Yuan) to keep it cheap compared to the US dollar. How are the following affected because of China's actions? a) Imports from China. b) Exports from the United States.