Internal Trade Barriers in Canada

The video discusses Canada's role as a trading nation, highlighting the significance of both international and internal trade. It explores the barriers to internal trade within Canada, such as provincial regulations and policies, and their impact on the economy. The video also examines methods to measure trade costs and the potential economic benefits of reducing these barriers. Solutions like the New West Partnership Trade Agreement and Australia's mutual recognition approach are suggested to improve internal trade.

What percentage of every dollar earned by Canadians is from an export sale?

• 20 cents

• 30 cents

• 40 cents

• 50 cents

Which of the following is an example of interprovincial trade in Canada?

• A Canadian company importing goods from China

• A lumber mill in BC selling to a home builder in Alberta

• A Canadian company exporting goods to the USA

• A car manufacturer in Ontario selling to a buyer in BC

What was a recently repealed restriction in Quebec that acted as a trade barrier?

• Restriction on selling lumber from BC

• Ban on using accountants from other provinces

• Requirement for margarine to be colorless

• Prohibition of importing cars from other provinces

What is the effect of internal trade barriers on Canada's GDP according to research?

• Have no effect on GDP

• Lower GDP by 3 to 7 percent

• Increase GDP by 3 to 7 percent

• Double the GDP

How do internal trade barriers affect productivity in Canada?

• They double productivity

• They increase productivity

• They lower productivity

• They have no effect on productivity

What is one method to measure the size of trade costs?

• By measuring the distance between provinces

• By counting the number of trade barriers

• By analyzing the share of spending on imports

• By calculating the number of trade agreements

Which agreement is considered the gold standard for dealing with internal trade barriers?

• Australia's mutual recognition agreement

• The North American Free Trade Agreement

• The New West Partnership Trade Agreement

• The European Union Trade Agreement

What is the New West Partnership Trade Agreement?

• An agreement to improve trade between Canada and the USA

• A trade agreement between BC, Alberta, and Saskatchewan

• A global trade agreement involving Canada

• An agreement to restrict trade within Canada

What is one proposed solution to improve Canada's internal market?

• Increase trade barriers

• Focus solely on international trade

• Adopt mutual recognition like Australia

• Restrict interprovincial trade

What is the main call to action for Canadian governments regarding internal trade barriers?

• To increase trade barriers

• To ignore trade barriers

• To focus on international trade only

• To address and remove trade barriers