World Trade Flows to and from Canada for Goods and Services

question 89

Multiple Choice

World trade flows to and from Canada for goods and services among nations and industries reflect________ _ .

• A)demand and supply interdependencies
• B)positive and negative synergistic trade
• C)holistic trade
• D)a negative currency exchange

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform set of rules for the international sale of goods.

Writing Requirement

A legal requirement that certain kinds of contracts or agreements must be memorialized in written form to be legally binding.

Confirming Memo

A written document that summarizes the terms of an agreement or transaction between parties after an oral agreement has been made.

Writing Requirement

A legal stipulation that certain contracts or agreements must be in writing to be enforceable.