The table below shows the prices in Canada of one kilogram of cheddar cheese produced in three different countries.Assume that all cheddar cheese is identical. 
TABLE 33-1 Refer to Table 33-1.Assume there is free trade in cheddar cheese and Canada imports the lowest price cheese from the United States.If a 40% tariff is then imposed on U.S.imports,Canada would be likely to purchase its cheese from ________.This situation would be one of ________.
Definitions:
Physical Existence
The actual, tangible presence of an asset, as opposed to intangible assets or rights.
External Audit
An independent examination of financial records and statements, conducted by an outside firm, to ensure accuracy and compliance with accounting standards.
Financial Statements
Official documentation detailing the monetary transactions and financial standing of a company, person, or different organization.
Credibility
The quality of being trusted and believed in, important in financial reporting and accounting practices.
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