Canada has become a more open economy because
A) it is cheaper to ship goods between countries, and there are fewer trade restrictions.
B) greater trade restrictions elsewhere in the world make trade with Canada attractive.
C) the United States has a fragile financial sector.
D) the Bank of Canada promotes international trade.
E) of the European Union.

Question

Quizplus · Accepted Answer

Canada has lowered trade barriers and signed free trade agreements, making it easier and cheaper to trade goods with other countries. This has made Canada a more open economy. Additionally, advancements in technology and transportation have made it faster and cheaper to ship goods, making international trade more attractive.

Canada Has Become a More Open Economy Because