Which of the Following Would Cause the Terms of Trade

question 31

Multiple Choice

Which of the following would cause the terms of trade to move in favour of Canada?

• A)If the prices of resources increased significantly.
• B)If the volume of Canada's exports increased significantly.
• C)If more Canadians travelled abroad.
• D)If the price of imports increased.
• E)If the volume of imports decreased.

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Definitions:

Appropriateness

The quality of being suitable or fitting for a particular purpose, person, occasion, or place.

Selection Process

The series of steps employers use to decide which candidates to hire from a pool of applicants.

Out-of-pocket Costs

Expenses that individuals must pay directly without reimbursement, often relating to healthcare, business expenses, or personal purchases.

Drug and Alcohol Policies

Guidelines set by organizations to regulate the consumption of drugs and alcohol to maintain a safe and productive workplace.