When the Price Level in Canada Falls Relative to the Price

question 45

Multiple Choice

When the price level in Canada falls relative to the price level of other countries, ________ will fall, ________ will rise, and ________ will rise.

• A)imports; exports; net exports
• B)exports; imports; net exports
• C)net exports; exports; imports
• D)net exports; imports; exports
• E)net exports; incomes; exports

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Definitions:

Sub-Saharan Africa

A geographical area of the African continent that is situated south of the Sahara Desert.

Subsistence Agriculture

Farming practices aimed at producing only enough food to feed the farmer's family, with little to none left over for sale or trade.

Global Stratification

The differences in wealth, power, and prestige of different societies relative to their position in the international economy.

Economic Dependency

A situation where an individual, group, or nation relies on another for financial support or resources.