Consider the Following Statement: "Canada Is Unambiguously Better Off If

question 34

Multiple Choice

Consider the following statement: "Canada is unambiguously better off if it is exporting more,in dollar value,to the rest of the world than it is importing." This statement is because .

• A)correct; exports are good and imports are bad
• B)incorrect; imports improve Canada's terms of trade
• C)incorrect; it fails to recognize that the gains from trade come from the volume rather than the balance of trade
• D)incorrect; it does not recognize the operation of the foreign- exchange market
• E)correct; it is based on the mercantilist doctrine

---

Definitions:

Exposed

Typically refers to being subjected to something that impacts one's health, knowledge, or perception, such as being exposed to a virus or new information.

Cage

An enclosure made of wires or bars designed to hold animals or birds.

Sick

A state of not being in good health or suffering from an illness.

Schedule-induced Behavior

Behavior that occurs at a higher frequency due to the introduction of a schedule of reinforcement or punishment.