A recession in Canada would most likely:
A)reduce a Canadian trade deficit
B)increase a Canadian trade deficit
C)increase the economic growth of our trading partners
D)increase domestic interest rates
E)cause a federal budget surplus

Question

Quizplus · Accepted Answer

A recession in Canada would likely reduce consumer and business spending, leading to decreased imports. This reduction in imports can narrow the trade deficit as the country buys fewer goods and services from abroad.

A Recession in Canada Would Most Likely