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

question 18

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

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Definitions:

Corporate Strategies

Corporate strategies are plans and decisions made by a company's top management to achieve long-term business objectives and maintain competitive advantage.

Job Control Unionism

A type of unionism focused on gaining control over job-related decisions, including hiring, firing, and work distribution, to protect members' interests.

Self-Directed Work Teams

Teams in which members work together on a common task without traditional managerial oversight, leading to increased autonomy and decision-making power for the workers.

Grievance Procedures

Formal processes within organizations for addressing and resolving complaints or disputes raised by employees regarding workplace issues.