A Continuing Problem Roiling Canadian Politics for the Past Several

question 50

Multiple Choice

A continuing problem roiling Canadian politics for the past several decades has been

• A)whether to always support United States foreign policy.
• B)the demand by many French-speaking Canadians that the province of Quebec become independent of the rest of Canada.
• C)the desires by many Canadians that Canada become a republic and sever all ties with the British monarchy.
• D)whether to nationalize Canada's sizeable oil and gas reserves.
• E)whether to change from a parliamentary system of government and adopt instead the US presidential model.

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Definitions:

Real Exchange Rate

The rate at which two currencies can be exchanged after adjusting for inflation differences.

Purchasing-Power Parity

An economic theory stating that in the absence of transaction costs and with efficient markets, equivalent goods should have the same price when converted into a common currency.

Purchasing-Power Parity

A theory which posits that currencies are in equilibrium in terms of exchange rates when the purchasing power in both countries is identical.

Gold

A yellow precious metal valued for its rarity, durability, and use in jewelry, electronics, and as a form of currency.