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Use the following to answer question:
-(Table: Production Possibilities for the United States and Canada) Use Table: Production Possibilities for the United States and Canada.Both nations can produce cars and lumber.If these nations were to specialize and trade,the United States would benefit from trade by exporting 1 million cars to Canada in exchange for _____ million board feet of lumber.
Present Value
The value today of a future sum of money or cash flow sequence, calculated using a defined rate of return.
CCA Class
A categorization in Canadian tax law that determines the depreciation rate for tax purposes on capital assets.
Depreciation Tax Shield
A reduction in taxable income for a business, resulting from the depreciation expense claimed on tangible assets.
Tax Rate
The percentage of income or value that is collected by the government as tax.
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