What is the effect of a trade between Canada and India
A)benefits for both Canada and India
B)a losing proposition for Canada because India has cheaper labour
C)trade between the two countries would be inefficient due to the high cost of transporting the goods
D)a losing proposition for India because Canadian workers are more productive

Question

Quizplus · Accepted Answer

A trade between Canada and India has the potential to benefit both countries as they both have different strengths and resources. Canada is known for its natural resources and advanced technology, while India has a large and growing population with a skilled workforce in areas such as software development and engineering. By trading with each other, they can leverage these strengths and create a mutually beneficial relationship. While there may be challenges such as transportation costs or differences in labour costs, these can be overcome through negotiations and agreements. Overall, a trade between Canada and India has the potential to be a win-win situation for both countries.

What Is the Effect of a Trade Between Canada and India