Parkin/Bade, Economics: Canada in the Global Environment, 8e 9) Marc bought a new car last year for $10,000. He can now sell the car for $8,500. To buy this year's model of the same car he would have to pay $11,000. What is the implicit rental rate u

Parkin/Bade, Economics: Canada in the Global Environment, 8e 15) Canada produces both lumber and wine. Canada exports lumber and imports wine. The rest of the world imports Canadian lumber and exports wine to Canada. If Canada did not trade with the

Parkin/Bade, Economics: Canada in the Global Environment, 8e 9) In 2009, the mode income received by 7.0 percent of households in Canada was between A) $18,500 and $21,999. B) $15,000 and $19,999. C) $30,000 and $34,999. D) $16,000 and $22,500. E) $1

Parkin/Bade, Economics: Canada in the Global Environment, 8e Chapter 7 Global Markets in Action 7.1 How Global Markets Work 1) Goods and services that we buy from other countries are our A) balance of payments. B) exports. C) imports. D) terms of tra

5 Copyright © 2012 Pearsn Education 15) At the beginning of the year, Tom's Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Tom's gross investment for the year totaled