ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Canada is a part of many international agreements and organizations. Which of them has had the GREATEST effect on the growth of the Canadian economy in the past few decades?
A
the International Monetary Fund
B
the North American Free Trade Agreement
C
the North Atlanta Treaty Organization
D
the United Nations
Explanation: 

Detailed explanation-1: -It is estimated that a CEPA between Canada and India would boost bilateral trade by C$6-8.8 billion and yield a GDP gain of C$5.1-8 billion for Canada by 2035. Canadian fruits and vegetables, chemicals, wood products, and mineral sectors would also experience substantial export gains from this FTA.

Detailed explanation-2: -Canada has a low personal income tax rate. What has the GREATEST effect on the productive efficiency of Canadian workers? the amount Canada owes in national debt.

Detailed explanation-3: -Economic Boost – FTAs eliminate tariffs imposed on most Canadian exports by other parties to the agreements, which contributes to Canadian export competitiveness and helps improve living standards for Canadians.

Detailed explanation-4: -Canada-United States-Mexico Agreement (CUSMA) Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Canada-European Union Comprehensive Economic and Trade Agreement (CETA) Canada-Chile Free Trade Agreement. Canada-Israel Free Trade Agreement (CIFTA) More items •30-Dec-2022

There is 1 question to complete.