U1 Test M/C Flashcards
This disadvantage of International trade/environmental issues
jobs go to countries where laws are more relaxed on manufacturing plants and their waste
T/F
Canada (and its Provinces) provide signification public sector investment into education
True
T/F
Subsidies are taxes levied on imported goods for the purpose of raising their selling price
false
During the Middle Ages, taxes on goods were
collected
The original or first, international trade route was called
The Silk Road
‘Team Canada’ is used by Canadian sports teams, but is also used as a Government mission, to help to grow Canadian
Trade
T/F Trade barriers can be used to protect cultural industries or national identities
true
The early European trade with Canadian Indigenous people, featured this product
Fur
T/F Learning inputs are part of the definition of economies of scale
true
Increasing your knowledge of foreign cultures, languages and ideas, as part of preparing the international workplace, would be considered
Increasing your knowledge
T/F Guilds only controlled agricultural products
false
T/F
‘Communes’ are somewhat self-sufficient
true
T/F Self-sufficiency is when a country provides everything its people need to live, without having to trade with other countries
true
T/F Quotas are numerical limits placed on imported goods
true
During the last Century, Canada’s economy moved from ______________ to _________________
Primary Resource Based to Semi-manufactured & End Product
T/F Understanding the way business is done in another country, is a challenge of exporting
true
T/F A quota is an example of a tariff, or import duty
true
“In today’s business environment, even a small business is competing with international businesses.” This is an example of Canadian businesses
competing
International time is measure as being ahead or behind of the time in
Greenwich
T/F Outsourcing is paying another company to do perform tasks or services for your company
true
T/F Champlain was the first European to land on the shores of Newfoundland in the late 1400’s
false
T/F During the ‘Early Trade’ phase, primarily highly processed or refined goods, were traded around the Mediterranean
false
T/F Good infrastructure is just one aspect of many advantages of doing business in Canada
true
By the 1700 & 1800’s, the Canadian economy became ____________ on other countries for trade, including the US
Interdependent
reasons for growth in international trade/business
a. Development in Transportation
b. Freer Borders
c. Business Confidence
Importing
Companies bringing in products to satisfy the consumers in their own country
T/F The FTAA was the free trade agreement signed in 1993 for Canada, the US and Mexico
false
T/F Spain introduced the slave trade to the Americas
true
T/F A step in exporting a good, includes agreeing to sales terms
true
This changed international trade in Canada, eliminating jobs for many Canadian Indigenous people
Silk replacing beaver, to create top hats
