The Balance of Trade That Canada Has Experienced Has Been

question 65

Multiple Choice

The balance of trade that Canada has experienced has been

• A) changing between favourable and unfavourable with about a seven year cycle.
• B) unfavourable since Confederation.
• C) favourable for most of the last 30 years.
• D) unfavourable for the last 30 years.
• E) favourable since Confederation.

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Definitions:

Tender of Goods

The offer by a seller to deliver goods to a buyer that matches the terms of the contract, including quality, quantity, and method of delivery.

Revested

The return of rights, property, or authority previously transferred or relinquished, back to the original holder.

Mixed Contract

A contract that involves a combination of goods and services, where aspects of both sale of goods law and contract for services law apply.

Predominant Purpose

The main aim or objective behind an action, agreement, or legal interpretation.