What Canadian Legislation Has the Direct Effect of Protecting Canadian

question 26

Multiple Choice

What Canadian legislation has the direct effect of protecting Canadian businesses and industries from the dumping of foreign good into Canada?

• A) The Customs Tariff Act.
• B) The Customs Act.
• C) The Special Import Measures Act.
• D) The Export and Import Permits Act.
• E) The Hazardous Products Act.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use, and use by one person does not reduce availability to others.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.

Social Costs

The total cost of an action or decision, including both private costs and any externalities borne by society at large.

Positive Externality

Positive Externality occurs when a transaction or activity benefits a third party not directly involved, like the societal benefit of education or vaccinations.