If the Canadian dollar appreciates with respect to the Mexican peso, what is the likely impact on Canada's balance of trade with Mexico?(1 point)

Responses

The stronger dollar decreases imports from Mexico, increasing Canada's balance of trade with Mexico.
The stronger dollar decreases imports from Mexico, increasing Canada's balance of trade with Mexico.

The stronger dollar increases imports from Mexico, increasing Canada's balance of trade with Mexico.
The stronger dollar increases imports from Mexico, increasing Canada's balance of trade with Mexico.

The stronger dollar increases imports from Mexico, decreasing Canada's balance of trade with Mexico.
The stronger dollar increases imports from Mexico, decreasing Canada's balance of trade with Mexico.

The stronger dollar decreases imports from Mexico, decreasing Canada's balance of trade with Mexico.
The stronger dollar decreases imports from Mexico, decreasing Canada's balance of trade with Mexico.