Government of Canada Student Loans

question 64

Multiple Choice

Government of Canada student loans

• A)are available to all full-time and part-time post-secondary students regardless of financial need
• B)are offered only in Ontario and Quebec
• C)are not required to be repaid
• D)are the same as student grants
• E)program is called the Canada Student Loans Program

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Definitions:

Absolute Advantage

A situation in which a nation, as the result of its previous experience and/or natural endowments, can produce more of a good (with the same amount of resources) than another nation can.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its trading partners, leading to specialized production and trade benefits.

Bagels

A dense, chewy, doughnut-shaped bread product, often enjoyed as a breakfast item and can be topped with various ingredients.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.