Suppose Canada Forms a Free-Trade Agreement with the Netherlands and Increases

question 191

Multiple Choice

Suppose Canada forms a free-trade agreement with the Netherlands and increases the quantity of tulips it imports. Canadian tulip consumers will be _____ and Canadian tulip producers will be _____.

• A) better off; worse off
• B) better off; better off
• C) worse off; better off
• D) worse off; worse off

---

Definitions:

Market Maven

An individual recognized for their knowledge about the marketplace, including where to get products at the best prices, and who influences others with their recommendations.

Opinion Leader

An individual who has the ability to influence public opinions, attitudes, and behaviors due to their expertise, social standing, or other characteristics.

Innovator

A person or organization that introduces new ideas, products, or methods, often driving change and progress within a market or industry.

Self-Designated Method

A technique or approach where individuals select or designate themselves for participation in a process or study.