North America Economics

The economy is...

• the selling, purchasing, and delivery of goods and services.

• the making, selling, and buying of goods and services.

• the delivery, selling and buying of goods and services

• the building, making, and creating of goods and services.

A good is...

• a product you can deliver such as pizza delivery, amazon, or uber.

• a service that provides value to a consumer

• a product you can use or consume such as a car, video game, or chocolate bar.

• something that is good.

A service is...

• a good given to one person for another.

• a product given to one person for another.

• an economy given to one person for another.

• a task performed by one person for another.

Invest means...

• to give another person, bank, or company money in the hope of making money.

• to give services to a person in order to make money.

• to give products to another person in order to make money.

• to wear a vest indoors.

Canada exports means to...

• import goods to another country

• buy and build in another country

• sell and send to another country

The bike store in Mark's neighbourhood (a)   bikes from China and sells them to Canadians.

Canada usually (a)   lumber, oil, minerals and wheat to other countries.

This organization supervises trade worldwide. Its focus is to make sure that trade happens around the world easily and effectively.

• WHO

• WTO

• WWW

• WWF

The North American Free Trade Agreement (NAFTA) was renegotiated and was replaced by an updated and rebalanced agreement called...

• The Deal of all Deals (DOD)

• The New North American Free Trade Agreement (NNAFTA)

• The United States-Mexico-Canada Agreement (USMCA)

Which of the following countries was not in the TOP 10 countries that Canada imported from in 2012.

• United States

• China

• Mexico

• Russia