Portfolio investment is

buying shares in a business in another country i.e. outside of Canada

Foreign direct investment is

using money to start a business in another country i.e. outside of Canada

are products used by businesses

The Investment Canada Act means that

non-Canadian businesses need to have Government of Canada approval

a factory owned by a US company in Canada

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BBB 4M Chapter 1 Review - What is Trade?

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Questions 35

Answers

1
A domestic business is one that is
sells to people in Canada
relies on G/S provided within Canada
owned by Canadians
all of these
2
Portfolio investment is
none of these
using money to start a business in another country i.e. outside of Canada
buying shares in a business in another country i.e. outside of Canada
closing down a business in another country i.e. outside of Canada
3
Foreign direct investment is
closing down a business in another country i.e. outside of Canada
none of these
using money to start a business in another country i.e. outside of Canada
buying shares in a business in another country i.e. outside of Canada
4
Mrs. Talbot is an example of globalization due to
earning money in Canada
learning new technologies
buying goods from domestic businesses labelled Product of Canada
migration
5
Canadian Culture can be strongly influenced by foreign content with regard to
all of these
lyrics
performance
music & artists
6
Smart Boards, computers, projectors, furniture purchased by the OCDSB & other businesses are
capital goods
consumer goods
international goods
tertiary goods
7
Which industry produces capital or consumer goods?
secondary
none of these
tertiary
primary
8
Selling G/S from Canada to the US means these G/S are
transactions
imports
bartered
exports
9
Buying G/S from Europe means that these are
bartered
imports
exports
transactions
10
Developing a relationship with a business in another country means this country is a/n
trading partner
importer
dependent
exporter
11
Loblaws Inc. purchases Clotted Cream from a business in the U.K. This is a
international transaction
government transaction
none of these
domestic transaction
12
Buying/selling/exchanging G [goods] is
business
an international transaction
a domestic transaction
trade
13
A balance of trade means
exports > imports
none of these
imports > exports
imports = exports
14
Your clothing is an example of
tertiary goods
consumer goods
capital goods
primary goods
15
Being able to provide for all basic needs without relying on other countries is
government dependence
trade
interdependence
self-sufficiency
16
Capital goods are
products used by individuals
extracted from the earth or sea
are products used by businesses
services provided to businesses & consumers
17
Reliance on businesses/people for G/S
self-sufficiency
interdependence
government dependence
trade
18
Product of Canada means the following
all of these
ingredients are Canadian
processing or manufacturing is conducted in Canada
Canadian citizens &residents are employed to produce the goods
19
Canada was built & developed based primarily [mostly] on the
fur trade from beaver pelts
food trade
lumber trade
poutine trade
20
Banks are part of the _________ industry?
primary
none of these
secondary
tertiary
21
The EU & Canada entered into a trade relationship in 2017 & signed CETA. CETA is an example of a
trade embargo
trade sanctions
trading partner
trade agreement
22
An international business is a system of economic transactions conducted between businesses
in Canada and another country
in Canada
businesses in other countries
in Canada and the Government of Canada
23
Globalization came about due to
communication technologies
all of these
investment & the flow of money
migration & new forms of transportation
24
The Investment Canada Act means that
anyone can buy a business in Canada
non-Canadians can freely merge businesses in Canada
anyone can start a business in Canada
non-Canadian businesses need to have Government of Canada approval
25
Your Independent Grocer purchases fresh produce from Canadian farmers. This is a
government transaction
none of these
international transaction
domestic transaction
26
A branch plant is a
a factory in Canada owned by the Government of Canada
a factory owned by a US company in Canada
factory owned by a Canadian business in Canada
a factory in Ontario owned by a business in Alberta
27
A business is one that produces G/S to
for the government
donate
make money
make a profit
28
Sterkte vir u toets. This is a sentence written in which language [taal]?
Afrikaans
Zulu
Dutch
Xhosa
29
If Canadian imports are $400 and Canadian exports are $250, this means that Canada has a
trade surplus
trade deficit
none of these
balance of trade
30
A trade surplus means that
imports = exports
imports > exports
exports > imports
none of these
31
Mrs. Talbot buys biltong made by Florence Meats in Toronto that is made from Canadian sources. This is an example of a/n
international transaction
domestic transaction
cultural transaction
primary transaction
32
A transaction is
an exchange of things of value
when a government provides services to those who need it for free
between a consumer & the government
when governments negotiate terms of trade
33
A business is involved in international business if they are involved in
investing in a business in another country i.e. outside of Canada
importing & exporting goods
all of these
owns retail/distribution outlets/manufacturing plants outside of Canada
34
A mine in Canada is part of which industry?
none of these
primary
secondary
tertiary
35
The integration of national or regional economies is known as
globalization
international trade
trade agreements
interdependence

BBB 4M Chapter 1 Review - What is Trade? Flashcards | StudBud