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

---

Definitions:

Marginal Products

The additional output produced as a result of adding one more unit of a specific input, while holding other inputs constant.

Isoquants

Curves that represent combinations of inputs that yield the same output, used in the analysis of production technology.

Output Level

The total product units produced within a given time frame in a production process or economic system.

Origin

The point or place where something begins, arises, or is derived.