Suppose Canada Entered into a Free-Trade Arrangement with China And,as

question 93

Multiple Choice

Suppose Canada entered into a free-trade arrangement with China and,as a result,Canadian imports from India were replaced with imports from China.This would be an example of

• A)trade diversion.
• B)trade creation.
• C)dumping.
• D)trade expansion.
• E)countervailing trade.

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Definitions:

Break-even Sales

The amount of revenue required to cover all fixed and variable costs, resulting in no profit or loss.

Northern Division

A geographical or organizational subdivision of a company or entity located in the northern region.

Break-even Sales

The amount of revenue needed to cover total costs, at which point a business neither makes a profit nor incurs a loss.

Overall

Pertaining to the total, aggregate, or general effect, situation, or assessment.