Which One of the Following Will Directly Affect Canada's Balance

question 99

Multiple Choice

Which one of the following will directly affect Canada's balance on goods and services, but not affect its balance of trade?

• A)an increase in merchandise exports
• B)a decrease in exports of services
• C)an increase in official reserves
• D)an increase in net transfers

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Definitions:

Slope

The measure of the steepness or/incline of a line, representing the ratio of the vertical change to the horizontal change between two points on the line.

Average Revenue

The revenue generated per unit of output sold, calculated by dividing total revenue by the number of units sold.

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.