Which of the Following Would Cause the Terms of Trade

question 31

Multiple Choice

Which of the following would cause the terms of trade to move in favour of Canada?

• A)If the prices of resources increased significantly.
• B)If the volume of Canada's exports increased significantly.
• C)If more Canadians travelled abroad.
• D)If the price of imports increased.
• E)If the volume of imports decreased.

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Definitions:

Self-Regulation

The process by which an individual controls their behavior, emotions, and thoughts towards achieving long-term goals.

Capacity For Change

The potential or ability of an individual or system to modify its attributes or behavior in response to external conditions or stimuli.

Willpower

The ability to resist short-term temptations in order to meet long-term goals.

Habits Frequently

Regular patterns of behavior that are often carried out subconsciously and become routine through frequent repetition.