Canadian imports involve an:
A. outflow of foreign currencies from Canada to foreigners.
B. inflow of Canadian dollars from foreigners to Canada.
C. inflow of foreign currencies from foreigners to Canada.
D. outflow of Canadian dollars from Canada to foreigners.
Answer: D
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A two-firm oligopoly is called a
A) double monopoly. B) cartel. C) duopoly. D) monopolistic oligopoly. E) dual-market.
In the short run, a perfectly competitive firm can earn positive, zero, or negative profit depending on the market price of the firm's output
Indicate whether the statement is true or false
Which of the following is the government not permitted to do with surplus farm goods?
a. sell to foreign countries at lower than market prices b. support child nutrition programs c. give the food to charitable food banks d. compete with farm-goods producers e. destroy the food
Many economists are in favor of increased immigration of adult foreigners who possess high levels of skills and education. Why?
A. Economists are very caring individuals. B. Economists believe this is a way to increase understanding among different ethnic groups. C. Economists believe foreigners will work cheaper. D. Economists believe this will increase aggregate supply.