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:

Neutrons

Subatomic particles found in the nucleus of an atom with no electrical charge and a mass roughly equal to that of protons.

Protons

Positively charged particles located within an atom's nucleus, contributing to the atom's mass and defining the element's atomic number.

pH Scale

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 to 14.

Hydrochloric Acid

A strong, corrosive acid that is a component of gastric juice in the stomach, aiding in digestion and sterilizing ingested food.