If Canada Began to Export Maple Syrup to Australia,which of the Following

question 22

Multiple Choice

If Canada began to export maple syrup to Australia,which of the following will happen?

• A)The price of maple syrup in Australia will increase and Australian consumers will be made worse off.
• B)The price of maple syrup in Australia will decrease and the Australian consumers will be made better off.
• C)The price of maple syrup in Canada will decrease and the Canadian consumers will be made better off.
• D)The price of maple syrup in Canada will increase and the Canadian consumer will be made worse off.
• E)The price of maple syrup in Canada will decrease and the Canadian consumer will be made worse off.

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Definitions:

System Inputs

The necessary resources, data, or materials required by a system to produce outputs.

TQM

Total Quality Management, a management approach focused on continuous improvement of all organizational processes, products, and services.

Tally Defects

The process of counting and recording flaws or errors in a product or process to analyze and improve quality control.

Manufacturing Process

Involves the steps, operations, and methodologies used to transform raw materials into finished goods or products.