Canada is a major world producer and exporter of wheat and a great percent of its GDP is derived from this one good. The Canadian parliament may vote to restrict trade and justify its restrictions using the

a. cheap foreign labor argument
b. antidumping argument
c. national security argument
d. infant industries argument
e. diversity of industry argument

E

Economics

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Linder argues that trade is based on international similarities in preferences rather than international differences in costs of production

Indicate whether the statement is true or false

Economics

The ______ is a method of calculating GDP by adding how much market participants spend on final goods and services over a specific period of time.

a. investment approach b. value-added approach c. production approach d. expenditure approach

Economics