Examlex

Solved

The Following Table Contains Hypothetical Data for Canada's Balance of Payments

question 104

Multiple Choice

The following table contains hypothetical data for Canada's balance of payments in a particular year.
The following table contains hypothetical data for Canada's balance of payments in a particular year.    -Refer to the information above to answer this question.What is Canada's balance on its current account? A) A surplus of $10 billion. B) A deficit of $10 billion. C) A surplus of $15 billion. D) A surplus of $20 billion. E) A deficit of $20 billion.
-Refer to the information above to answer this question.What is Canada's balance on its current account?


Definitions:

Sushi Restaurant

A dining establishment that specializes in the preparation and serving of sushi, a traditional Japanese dish featuring vinegared rice combined with various ingredients, including seafood and vegetables.

Opportunity Cost

The cost of the next best alternative that must be foregone as a result of making a particular decision.

Limited Resources

A term that describes the finite availability of resources such as time, money, and raw materials, which are necessary for the production of goods and services.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs, and how these choices interact in markets.

Related Questions