What could benefit Canada?
A)By restricting imports and promoting exports.
B)By promoting imports and restricting exports.
C)By restricting both imports and exports.
D)By not restricting trade.

Question

Quizplus · Accepted Answer

Not restricting trade would benefit Canada because it would allow the country to access a wider range of goods and services at competitive prices, while also giving Canadian businesses access to a larger market for their exports. Restricting imports and promoting exports (A) could potentially lead to other countries imposing trade barriers against Canada, causing harm to the Canadian economy. A focus on promoting imports and restricting exports (B) would not be a sound strategy for a country seeking to maintain a healthy balance of trade. Restricting both imports and exports (C) would result in a closed economy with limited access to the benefits of international trade.

What Could Benefit Canada