If Canada Suffered from "Fundamental Disequilibrium," and Its Government Choose

question 54

Multiple Choice

If Canada suffered from "fundamental disequilibrium," and its government choose not to devalue its currency, a likely consequence of this would be

• A) a persistent trade surplus.
• B) a balance-of-payments equilibrium.
• C) an increase in exports.
• D) high unemployment.
• E) deflation.

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Definitions:

Subgoals

Intermediate objectives or steps devised to make the process of achieving a main goal more manageable and attainable.

Analogies

Comparisons made between two things for the purpose of explanation or clarification.

Models of Concepts

Theoretical frameworks used to understand how humans categorize information, form concepts, and apply these concepts to everyday life.

Cultural Bias

A predisposition to interpret and judge other people's cultures by the standards and values of one's own culture.