In Examining Which Nations Are Responsible for the Large and Growing

question 2

Multiple Choice

In examining which nations are responsible for the large and growing levels of merchandise and services trade that we have seen worldwide

• A) the 10 largest exporters and importers are all from developed countries.
• B) China ranks as the largest in levels of both merchandise and services exports.
• C) the U.S. ranks as the largest in levels of both merchandise and services imports.
• D) the European Union ranks as the largest country for merchandise exports.
• E) China ranks first or second in each of merchandise and services exports and imports.

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Definitions:

CCA Class

Refers to the classification of assets for tax purposes in Canada, determining the rate at which an asset depreciates.

Net Advantage

The benefit that results from a certain business decision, considering all related costs and revenues.

CCA Rate

Capital Cost Allowance rate, which is the percentage used to calculate depreciation for tax purposes on capital assets.

Salvage Value

The estimated resale value of an asset at the end of its useful life, considered in depreciation calculations.