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GBHS-Geog-Ch20-RMC
GBHS-Chapter 20-Trade Connections
Question | Answer |
---|---|
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 are the links between Canada and the rest of the world. |
What is imported fuel? | Imorted fuel is fuel from another country. |
What is exported fuel? | Exported fuel is fuel from Canada, sent to another country. |
Goods from another country are called? | Goods from another country are called imports. |
Goods we send to another country are called? | Goods we send to another country are called exports. |
What is free trade? | Under this plocy, there are no tariffs or quotas. |
What is a quota? | A quota limits the number or the monetary value of products entering a country. |
What are trading blocs? | These orginizations are groups of countries that share special trading links and privileges among themselves. |
What is the economy of scale? | The economy of scale benefits the producing country as well as consumers. |