Which of the Following Would Contribute to a Canadian Balance

question 58

Multiple Choice

Which of the following would contribute to a Canadian balance of payments surplus?

• A)Canada makes a unilateral tariff reduction on imported goods
• B)Canadian Pacific pays a dividend to a Swiss stockholder
• C)Canada cuts back on Canadian military personnel stationed in Germany
• D)Russian vodka becomes increasingly popular in Canada

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Definitions:

Unemployment Benefits

Payments made by authorized bodies to unemployed people, intended to provide a temporary source of income while they seek new employment.

Social Security System

A government program that provides financial protection against economic risks (e.g., retirement, disability, unemployment) to its citizens.

Progressive Income Tax

A tax system in which the tax rate increases as the taxable amount increases, resulting in higher earners paying a larger percentage of their income in taxes than lower earners.

EBT Cards

Electronic Benefit Transfer cards used by state welfare departments to issue benefits, such as food stamps and cash assistance, electronically.