Author Question: If 81 percent of Canada's exports go to the United States, a recession in the United States would ... (Read 153 times)

scienceeasy · **on:** Jun 30, 2018

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.

Question 2

Assume the demand schedule for cookies is downward sloping. If the price of cookies falls from 2.50 to 2.25 per dozen:
a. the demand for cookies will fall.
b. the demand for cookies will rise.
c. a larger quantity of cookies will be demanded.
d. a smaller quantity of cookies will be demanded.