If 81 percent of Canada's exports go to the United States, a recession in the United States would probably:
a. lead to an economic boom in Canada.
b. have no impact on Canada's economy.
c. increase imports from Canada.
d. decrease Canada's domestic real GDP.
e. increase the per capita income in Canada.
d
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If a conflict of interest exists
A) it will always have serious adverse consequences. B) it may not have a serious adverse consequences if the incentive to take advantage of the conflict is low. C) the government needs to step in to pass legislation to remove the conflict. D) there will not be serious adverse consequences, even if the incentive to take advantage of the conflict is low.
If the real wage is below the equilibrium real wage, there would be a ________ of workers and the real wage would ________
A) surplus; decline B) surplus; rise C) shortage; decline D) shortage; rise