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gbhs-chapter 20-trade conections

what is chapter 20 about? it is about trade conections
what are linkages? linkages occur whenever places are conected by the movement of people, goods, or information.
what is global economy? th elinks between Canada and the rest of the world.
what is imported fuel? fuel that comes into Canada from another country
what is exported fuel? fuel from Canada sent to another country from Canada
goods from another country are called imports.
goods we send to another country are called? exports.
what is Canada's leading agricultural export? Canadas leading agricutural export is wheat.
what is the economy of scale? the economy of scale is the lowest cost per unit that results in mass production of a product.
what is tariff? a duty or tax placed on goods.
what is quotas? a limit placed on the number or value of product being imported into a country.
what is free trade? free trade is a reduction or elimation of triffs and quotas on exports and imports.
what are trading blocs? are a group of countries that share lower tariffs and specials trading privilages.
Created by: alisha hopkins