Globalization and Trade

What term is used to describe goods/services coming into a country?

• Trade

• Imports

• Exports

• Globalization

Who is Canada's main trading partner?

• USA

• China

• India

• Columbia

Which trading agreement currently allies Canada, Mexico, and the US?

• UN

• NAFTA

• USMCA

• NATO

Competitive advantage is defined as characteristics of a place that...

• boosts the economy

• competes with another country

• gives it an edge over other places

• wins a competition

Which of the following is NOT one of Canada's competitive advantages?

• Large land coverage

• Abundant natural resources

• Skilled Workers

• Good communication systems

In our t-shirt activity, which sector spent the LEAST in the process of making a t-shirt?

• Cotton

• Machines

• People

• Boxes

_________ is the process by which most regions of the world have become connected by economics, culture, and financial services.

In which country was the workers wage the lowest in the t-shirt industry?

• Pakistan

• Sri Lanka

• Columbia

• Indonesia

Why do developed countries, such as Canada, purchase goods from developing (poorer) countries?

• It is safer

• Canada does not have the goods that we import

• It is cheaper

• It is more expensive

What is Mrs. RC's favourite city in North America?

• Vancouver

• New York

• Chicago

• Nashville