2.4

Question 1

Financial decline in one or several countries can have drastic effects on international trade: True or Flase

Answer 1

True

Question 2

How does economic crisis in countries effect Canada’s imports

Answer 2

countries with less money to spend will import less from Canada, this causes Canada’s economy to decrease in terms of overall production and employment rates

Question 3

Right now, ___________ is the world’s fastest-growing economy.

Answer 3

China

Question 4

One of the reasons China is growing so rapidly is:

Answer 4

because of its cheap and unorganized labor markets which attracts foreign manufacturers.

Question 5

Historically unions have played a major role in shaping workplaces:

Answer 5

1. they have helped develop high standards with regards to working conditions
2. Employee rights
3. Wages
4. Benefits

Question 6

What is a union?

Answer 6

A union is a group of workers who form an organization in order to engage in bargaining with their employer about the nature and conditions of their work. The result of this bargaining process is a contract, called a collective agreement, that governs relations between the employer and the unionized employees for a certain number of years.