Which of the Following Would Happen to Canadian Net Exports

question 86

Multiple Choice

Which of the following would happen to Canadian net exports and aggregate demand if countries that imported from Canada went into recession?

• A)Net exports would rise, and aggregate demand would shift right.
• B)Net exports would rise, and aggregate demand would shift left.
• C)Net exports would fall, and aggregate demand would shift right.
• D)Net exports would fall, and aggregate demand would shift left.

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Definitions:

Shipment Contract

A type of agreement in sales law where the seller is responsible for delivering goods to a carrier, after which the risk of loss passes to the buyer.

Entrusted

Given over to another's care or protection, often relating to property or duties.

Merchant

An individual or company engaged in the trade of goods, services, or commodities for profit.

UCC

The Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize the law across the states.