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25 Suppose the United States imposed a new limit on its trade in goods with Canada. Why would this action be more important to the

25

Suppose the United States imposed a new limit on its trade in goods with Canada. Why would this action be more important to the Canadian economy than if Italy had imposed the same policy?

a. Americans speak English, so Canadian citizens are more interested in what they do.

b. The United States is our second-most important trade partner, ranking behind only the United Kingdom.

c. The United States is Canada's largest trading partner.

d. The United States trades on a magnitude several times less than that of Canada.

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