Which of the Following Statements About the Importance of Trade

question 27

Multiple Choice

Which of the following statements about the importance of trade to the Canadian economy is true?

• A)Since 1981, both exports and imports have steadily decreased as a fraction of U.S. gross domestic product.
• B)Overall, about 80 percent of Canadian jobs depend directly or indirectly on exports.
• C)Canadian exports account for approximately one-third of GDP.
• D)International trade plays very little part in the Canadian economy.

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Definitions:

Unfreezing

The initial stage in Lewin's change model that involves reducing forces maintaining the current state, enabling the acceptance of new behaviors or thoughts.

Logical Incrementalism

A strategy of making decisions through small, logical steps instead of large, radical changes.

Trial Balloon

A tactic used to test the viability or public reaction to policy changes, new ideas, or proposals, typically through unofficial information leak or a deliberate mention.

Force Field Analysis

Force Field Analysis is a tool used in the planning and decision-making process to analyze the forces for and against a change, and thus help in determining the best course of action.