There Is Strong Public Opinion Against Foreign Ownership in Canada

question 43

Multiple Choice

There is strong public opinion against foreign ownership in Canada.What was one acquisition that the federal government recently blocked?

• A)acquisition of Potash Inc.
• B)acquisition of Inco.
• C)acquisition of Petro-Canada
• D)acquisition of Intrawest

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Definitions:

Annual Budget

A financial document forecasted for a year that outlines expected income and expenditure for an organization or government.

Government Funds

Financial resources allocated by the government for specific purposes, often aimed at public projects or to aid sectors of the economy.

Subsidiaries

Companies that are completely or partly owned and partly or wholly controlled by another company, known as the parent company.

Demand-Pull Inflation

occurs when prices rise because the demand for goods and services exceeds supply.