Suppose Nicholas, a Greek Citizen, Opens a Restaurant in Wasaga

question 175

Multiple Choice

Suppose Nicholas, a Greek citizen, opens a restaurant in Wasaga Beach, Ontario. What are the effects of this action?

• A) It increases Canadian net capital outflow and has no effect on Greek net capital outflow.
• B) It increases both Canadian and Greek net capital outflows.
• C) It increases Canadian net capital outflow, but decreases Greek net capital outflow.
• D) It decreases Canadian net capital outflow, but increases Greek net capital outflow.

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Definitions:

Union

An organized association of workers formed to protect and further their rights and interests; or, in mathematics, the set containing all the distinct elements of some given sets.

Dependent Events

Events where the outcome or occurrence of the first affects the outcome or occurrence of the second.

Independent Events

Two or more events where the occurrence of one event does not affect the probability of the other(s).

Mutually Exclusive

Two events that cannot occur at the same time, meaning the occurrence of one event prevents the occurrence of the other.