Suppose Canada Entered into a Free-Trade Arrangement with China And,as

question 93

Multiple Choice

Suppose Canada entered into a free-trade arrangement with China and,as a result,Canadian imports from India were replaced with imports from China.This would be an example of

• A)trade diversion.
• B)trade creation.
• C)dumping.
• D)trade expansion.
• E)countervailing trade.

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Definitions:

Competitive Strategy

Refers to a long-term plan formulated by a company to gain a competitive advantage over its rivals in the industry.

Organization Structure

The arrangement of departments, roles, and responsibilities within a company, defining how activities are directed to achieve goals.

Determinants of Performance

Factors or elements that significantly influence the output, efficiency, or effectiveness of individuals, teams, or organizations.

Essential Operations

Core activities necessary for an organization or system to function effectively.