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Exam Code: IIA-CIA-Part1
Exam Name: Essentials of Internal Auditing
Vendor: IIA

60 Questions & Answers
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Assume the Canadian demand elasticity for imports equals 0.2, while the foreign demand elasticity for
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A. Improved trade balance - a smaller deficit.
B. Worsening trade balance - a larger deficit.
C. Unchanged trade balance.
Answer: B
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Both demand for imports and exports are inelastic.

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Oligodendrocytes are located in the _____.
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