Which of the following statements about Canada's international trade in 2013 is correct?
A)The value of Canada's imports exceeded the value of Canada's exports.
B)The value of Canada's exports was about 45 percent of the value of total expenditure in Canada.
C)Canada imported only goods.
D)Canada was the world's second largest trader.
E)Canada exported only goods.

Question

Quizplus · Accepted Answer

According to the information given, it states that "The value of Canada's imports exceeded the value of Canada's exports." Therefore, option A is correct. Option B cannot be determined from the given information. Option C and E are clearly incorrect as it goes against basic trade principles where countries tend to both import and export goods. Option D is also incorrect as no information is given about Canada's ranking in world trade.

Which of the Following Statements About Canada's International Trade in 2013