Economy of British Columbia Flashcards

1
Q

What are natural resources?

A

Resources that come from the earth.

Ex. Trees, Minerals, Fish

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2
Q

Service Industry

A

Jobs that don’t create a product

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3
Q

Consumption

A

The use of products

Ex. Eating food

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4
Q

Secondary

A

Raw to Finished

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5
Q

What is Capital?

A

Money invested in companies to make profits.

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6
Q

Smaller companies controlled by bigger ones are called?

A

Subsidiaries

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7
Q

Tertiary

A

Distribution or selling of goods/services

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8
Q

Grants that make places even

A

Equalization Grants

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9
Q

Tariffs aka

A

Import Canadian Taxes

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10
Q

What is disparity?

A

Regional inequality between nations

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11
Q

What is a branch plant?

A

Companies in one country own by another.

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12
Q

Counterveiling duty

A

Counterbalancing Tarrifs

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13
Q

The eight of political freedom is called what?

A

Autonomy

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14
Q

Cultural Sovereignty

A

Remaining culturally separate from a foreign one.

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15
Q

Minimum amount of Canadian Content

A

Content Regulations

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16
Q

Quota

A

A limit placed on the amount of trade

17
Q

Non Tarrif Barrier

A

Controlling imports without Tarrifs

Ex. National Energy Program