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Gbhs-Chapter 20-Trade connections

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