Many of the World's Industrialized Countries Initially Developed Their Industries

question 17

Multiple Choice

Many of the world's industrialized countries initially developed their industries with heavy tariff protection.In Canada's case,this was the basis for

• A)the Charlottetown Accord.
• B)the NAFTA.
• C)reciprocity.
• D)the National Policy of 1876.
• E)the National Energy Program of the 1980s.

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Definitions:

Patent

A legal authorization granted to an inventor to exclusively manufacture, use, or sell an invention for a certain number of years.

Ordinary Annuity

A series of equal payments made at regular intervals, with interest compounded at the end of each period.

Nominal Interest

The stated or advertised rate of interest on a loan or investment, not accounting for inflation or compounding effects.

Effective Rate

The actual interest rate on an investment or loan, taking into account the effect of compounding over a given period.