Which Activity Is a Negative Entry on the Canadian Current

question 171

Multiple Choice

Which activity is a negative entry on the Canadian current account?

• A) A Canadian tourist spends $2,000 at the SXSW Festival in Austin, Texas.
• B) A U.S. tourist spends $3,000 at the Toronto International Film Festival.
• C) A Canadian buys a German government bond.
• D) A Canadian from Halifax invests in a hockey stick factory in Saskatchewan.
• E) A French investor buys a winery in the Okanagan Valley in British Columbia.

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Definitions:

Cross Elasticity of Demand

A measurement of how the quantity demanded of one good responds to a change in the price of another good.

Desktop Computer Sales

The volume or monetary value of desktop computers sold in a specific time frame, reflecting consumer demand and technological trends.

Computer Company

A business entity that designs, manufactures, markets, or sells computer hardware, software, or related services.

Price Elasticity of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good, represented as a ratio of percentage change in quantity supplied to the percentage change in price.