Due to Its Capital-Intensive and Efficient Land Use,Canada Has A(n)________

question 27

Multiple Choice

Due to its capital-intensive and efficient land use,Canada has a(n) ________ in farming.

• A) export advantage
• B) import advantage
• C) comparative advantage
• D) relative advantage
• E) absolute advantage

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Definitions:

Net Profit

The actual profit after operating expenses, interest, taxes, and depreciation have been deducted from total revenues; it is the bottom line of the income statement.

Shareholder Wealth

The total value of an investment in a company, often measured by the price of the company's stock multiplied by the number of shares owned.

C Corporations

A type of corporation in the U.S. that is taxed separately from its owners.

Proprietorship

A business owned and run by one individual where there is no legal distinction between the owner and the business.