Other Things Equal, If a Change in the Tastes of Canadian

question 43

Multiple Choice

Other things equal, if a change in the tastes of Canadian consumers causes them to purchase more foreign goods at each level of Canadian GDP:

• A)unemployment will decrease domestically.
• B)Canadian GDP will fall.
• C)inflation will occur domestically.
• D)Canadian real GDP will rise.

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Definitions:

Power Center

A shopping center that combines several big-box retailers or anchor stores, along with various smaller retailers, typically located in suburban areas.

Strip Mall

A shopping area characterized by a row of retail stores, services, or restaurants, typically with a shared parking area in front.

Central Business District

The commercial and often geographic heart of a city, characterized by high-density business, retail, and office spaces.

Extreme-Value Retailer

A retail store that offers products at significantly lower prices than those of competitors, often focusing on discount or clearance items.