Consider the Following Statement: "With Unemployment at Its Highest Level

question 88

Multiple Choice

Consider the following statement: "With unemployment at its highest level in years,Canada needs to protect domestic jobs by promoting a "Buy Canadian" policy." This statement is ________ because ________.

• A)incorrect; it confuses the real and nominal gains from trade
• B)incorrect; it fails to recognize that imports of foreign goods also help to encourage the export of domestic goods
• C)correct; it recognizes that such a policy can sustain high levels of domestic employment
• D)correct; a "Buy Canadian" policy will take advantage of Canada's comparative advantage
• E)incorrect; it will work against Canada's pattern of absolute advantage

---

Definitions:

Separate Property

Assets owned by one spouse independently and not considered shared marital property in the event of divorce or separation.

Inheritances

Assets passed down from an individual to their heirs or designated beneficiaries upon death.

Guardian Ad Litem

A person appointed by the court to represent the interests of a child or mentally incompetent person before the court.

Appointed

Officially designated or chosen to fill a position or role.