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Gbhs-geog-ch 20-ANW

Gbhs-Chapter 20-Trade connections

What is chapter 20 about? Trade Connections
What are Linkages? Linkages occur whenever places are connected by the movement of people, goods, or information.
What is Global economy? Global economy is the links between Canada and the rest of the world will increase substantially.
What is inported fuel? Fuel recieved from another country.
What is exported fuel? Fuel that is sent to another country from Canada.
Goods from andother country are called? Imports
Good we send to other countrys are called? Exports
Canadas leading agriculture export is? Wheat
Wheat sold to the United States is shipped By ? Rail
If you were to add up all the money you earned last year, the result would be your? Yearly income
What is economy of scale? Economy of scale is mass pmassroduct reduces the cost of production per item.
What are Tariffs? Tariffs are import taxes im products entering the counry.
What are Quotas? A Quotas limits the number or the monetary value of products entering a country.
What is Protectionism? Imposing tariffs and quotas is called Protectionism.
What is Free trade? The opposite of protectionism is called free trade.
What are Trading blocs? Trading blocs are a group of countries that share lower tariffs and special trading privileges.
Created by: AshleyW