Consider Canada's Balance of Payments

question 107

Multiple Choice

Consider Canada's balance of payments.When a grocery importer in Sweden buys Quebec maple syrup,this transaction

• A)appears as a debit item on the Canadian current account.
• B)appears as a credit item on the Swedish current account.
• C)appears as a credit item on the Canadian capital account.
• D)appears as a debit item on the Swedish current account.
• E)appears as a debit item on the Canadian capital account.

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Definitions:

Secondary Effects

Unintended consequences of economic actions that may develop slowly over time as people react to events.

Rent Control

Government regulations that limit the amount landlords can charge for renting out a property and may also restrict the reasons for evicting tenants.

Economy Works

The systematic way in which economic activities are organized and conducted in a society to produce goods and services.

Scientist

A professional engaged in a systematic activity to acquire knowledge, often employing the scientific method in various fields.