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Assuming a fixed exchange-rate system, which of the following would contribute to a Canadian balance of payments deficit? Select one: a. The United States increases its tariff on Canadian softwood lumber. b. A wealthy Taiwanese family builds a mansion in Calgary. c. Leonard Cohen and Shania Twain team up for a giant outdoor concert in Shanghai. d. The number of Indian tourists visiting Canada increases significantly. e. Honda builds a new assembly plant outside Montreal. answer ASAP

Assuming a fixed exchange-rate system, which of the following would contribute to a Canadian balance of payments deficit? Select one: a. The United States increases its tariff on Canadian softwood lumber. b. A wealthy Taiwanese family builds a mansion in Calgary. c. Leonard Cohen and Shania Twain team up for a giant outdoor concert in Shanghai. d. The number of Indian tourists visiting Canada increases significantly. e. Honda builds a new assembly plant outside Montreal. answer ASAP

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Assuming a fixed exchange-rate system, which of the following would contribute to a Canadian balance of payments deficit? Select one: a. The United States increases its tariff on Canadian softwood lumber. b. A wealthy Taiwanese family builds a mansion in Calgary. c. Leonard Cohen and Shania Twain team up for a giant outdoor concert in Shanghai. d. The number of Indian tourists visiting Canada increases significantly. e. Honda builds a new assembly plant outside Montreal. answer ASAP
Transcribed Image Text:Assuming a fixed exchange-rate system, which of the following would contribute to a Canadian balance of payments deficit? Select one: a. The United States increases its tariff on Canadian softwood lumber. b. A wealthy Taiwanese family builds a mansion in Calgary. c. Leonard Cohen and Shania Twain team up for a giant outdoor concert in Shanghai. d. The number of Indian tourists visiting Canada increases significantly. e. Honda builds a new assembly plant outside Montreal. answer ASAP
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