What does Recession mean?

A temporary peroid of economic decline

Which is an example of Canada's protectionist policies?

Americans cannot own book stores in Canada, Competing airlines are limited

Why are Time Zones considered a barrier to international business?

People around the world have different working schedules

What was the Buy American Clause?

ONLY buy US manufactured goods in stimulus funded buildings

A Tax or duty to be paid on import or exports

What are the pros and cons of tariffs?

Consumers pay more, but workers keep their jobs

How did Canada react to the recession and Buy America?

Reducing Tariffs to increase trade

Why do companies leave countries like Canada?

Cheaper Labor and fight the effects of a rising CAD$

What does Protectionism provide?

Higher cost of goods and services, Local Jobs and Industries

How was Canada impacted by the Buy American clause?

Some Canadian products were being replaced for American

What is Protectionism?

protecting a countries domestic industries by taxing others

How does NAFTA limit Canada's ability to place high tariffs?

it lets goods, services & more to freely flow between them

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Trade in The Modern World - Time Zones and Protectionism

17 termsStudBud Administration45 plays

#Business #International #TimeZones #Protectionism

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Questions 17

Answers

1
T/F: Domestic produces can lobby the government to implement protectionist policies?
False
True
2
What does Recession mean?
A economic slump
When Industrial activities are reduces
The GDP falls in three successive quarters
A temporary peroid of economic decline
3
What is the reason for international business being open for 24 hour?
Protectionism
New Communication Technologies
New advancements in mail services
Globalism
4
Which is an example of Canada's protectionist policies?
There are none
Consumers who buy Canadian products are given more benefits
Americans cannot own book stores in Canada
Competing airlines are limited
5
What would be the best communication medium for immediate feedback?
Email
Letters
Phone Call
Text
6
Why are Time Zones considered a barrier to international business?
People around the world have different working schedules
People dont like to be disturb at certain times
You cant work at night
Cultural differences
7
Do You Think Protectionism is Good?
No
I do not know
Yes
8
What was the Buy American Clause?
When the Federal Gov. gave $787 Billion to boost jobs
ONLY buy US manufactured goods in stimulus funded buildings
A policy which asks people to buy american products
The Government tells people to buy American flags
9
What is a tariff?
A mechanism to protect a countries workers
A Tax or duty to be paid on import or exports
A protectionist policy invented by England
A tax on products that are symbols of certain countries
10
What are the pros and cons of tariffs?
Worker keep their jobs, but they lose certain privalges
Workers lose their jobs, but consumer get cheaper products
The economy will suffer, but consumer prices go down
Consumers pay more, but workers keep their jobs
11
How did Canada react to the recession and Buy America?
Reducing Tariffs to increase trade
Closing off trades
Increasing Tariffs to decrease trade
Creating a "Buy Canadian" policy
12
Why do companies leave countries like Canada?
The Cities are not supporting enough
Charity for developing countries
Fewer Regulations
Cheaper Labor and fight the effects of a rising CAD$
13
What does Protectionism provide?
Higher cost of goods and services
Local Jobs and Industries
Cultural Assimilation
Sovereignty and Protection of primary & secondary industries
14
How was Canada impacted by the Buy American clause?
Canadian products were being avoided
Primary industries could not trade with America
Some Canadian products were being replaced for American
Secondary Industries could not trade with America
15
Is International business open 24 hours a day?
False
True
16
What is Protectionism?
Creating a strong border around a country
Protecting your soverignty by practicing gov. intervention
Taxing other countries
protecting a countries domestic industries by taxing others
17
How does NAFTA limit Canada's ability to place high tariffs?
the agreement is about decreasing tariffs for ALL countries
Doing so would ruin Mexico and US economies
it lets goods, services & more to freely flow between them
It against international law

Trade in The Modern World - Time Zones and Protectionism Flashcards | StudBud