Assume That Canada Initially Faces Payments Equilibrium in Its Merchandise

question 12

Multiple Choice

Assume that Canada initially faces payments equilibrium in its merchandise trade account as well as in its capital and financial account.Now suppose that Canadian interest rates fall to levels below those abroad.For Canada,this tends to promote:

• A) Net financial inflows
• B) Net financial outflows
• C) Net merchandise exports
• D) Net merchandise imports

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Definitions:

Multicultural Ethical Awareness

The recognition and understanding of ethical standards within a context that encompasses diverse cultures and perspectives.

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Client's Culture

The set of beliefs, values, customs, and practices that belong to the cultural background of a client, influencing their perceptions and behaviors.

Cultural Competence Skill Areas

The ability to interact effectively and respectfully with people of different cultures, particularly in contexts where cultural differences might influence the interaction.