ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Canada has a lot of lumber, but not a lot of fruit. The United States has a lot of fruit. What should Canada do to get fruit?
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Import lumber and fruit from the United States
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Export lumber to the United States in exchange for fruit
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Keep the lumber for itself and eat less fruit
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Start to grow fruit in Canada
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Explanation:
Detailed explanation-1: -With a production volume of 351, 565 metric tons, apples continued to lead the fruit sector in terms of tonnage, accounting for 41.5% of the total production of Canadian fruit in 2021.
Detailed explanation-2: -Top 3 fresh fruit by export value (x $1, 000): Blueberries: 422, 441; Cranberries: 88, 469; Cherries: 82, 841. Top 3 export destinations (x $1, 000): U.S.: 508, 881; Japan: 37, 941; Germany: 37, 941.
Detailed explanation-3: -about 80% of U.S. softwood lumber imports came from Canada.
There is 1 question to complete.