Assuming that Canada is the domestic economy, ________ are goods and services produced by ________ and purchased by ________.

Question

Quizplus · Accepted Answer

According to the given assumption, Canada is the domestic economy. Therefore, imports would be goods and services produced by foreign countries and purchased by Canada. Choice A, B, and E are incorrect because they all mention exports, which are produced in Canada and sold to foreign countries. Choice C is incorrect because it mentions imports purchased by foreign countries, which is not relevant to the given assumption.

Assuming That Canada Is the Domestic Economy, ________ Are Goods