Figure 22 Illustrates Trade Data for Canada

question 201

Multiple Choice

Figure 2.2 illustrates trade data for Canada.The figure assumes that Canada attains international trade equilibrium at point C.
Figure 2.2.Canadian Trade Possibilities

-Concerning possible determinants of international trade,which are sources of comparative advantage? Differences in:

• A) Methods of production
• B) Tastes and preferences
• C) Technological know-how
• D) All of the above

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Definitions:

Motor Division

A business unit within a company that focuses on the production, development, and sales of motor vehicles or engines.

Transfer Price

The price at which goods or services are transferred between departments or divisions within the same company.

Pump Division

A business segment within a company focused on the production, sales, and service of pump-related products.

Pool Products Division

A specific branch of a company focused on the development, production, and marketing of pool-related products.