ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Liam lives in Canada. He and his family are going on vacation to New York City. They will fly into a major airport and then take a taxi to meet Liam’s aunt in the city. As they prepare for the trip, Liam’s mom goes to a bank in Canada so that she will be prepared to pay for the taxi. What is she MOST LIKELY doing?
A
requesting a passport from Canada
B
applying for citizenship in the United States
C
withdrawing a large amount of Canadian money
D
exchanging Canadian money for US money
Explanation: 

Detailed explanation-1: -Which of the following is true of free trade between Canada and the United States? It allows each country to specialize in the production of certain goods.

Detailed explanation-2: -The economy of Canada is a highly developed mixed-market economy. It is the 8th-largest GDP by nominal and 15th-largest GDP by PPP in the world. As with other developed nations, the country’s economy is dominated by the service industry which employs about three quarters of Canadians.

Detailed explanation-3: -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-4: -How has Canada’s investment in human capital MOST LIKELY affected the country? Canada’s government has placed limits on trade with other countries. Canadian citizens have equal access to educational opportunities. Canadian citizens enjoy a relatively high standard of living.

There is 1 question to complete.