BEP 2O Economic Basics Part 3 - International Business

The EU is a ______

If I use an Amnesty International Visa Card [credit card]

The purpose of trade agreements is to

When industrialized economies meet each year

A Canadian business benefits from selling products in the global economy mainly because of

A business that wants to create a global brand today has an advantage due to the Internet.

The reason that the US is Canada's largest trading partner.

Sharing skills and expertise to provide a product or service

I may purchase jewellery from South Africa [rich precious metals & gems] because of

More than 3/4 [75%] of Canada's trade is with

A factory that collapsed in Bangladesh and resulted in employee deaths is an example of

The Instant Pot was originally made & sold in Canada. This is an example of a ____ transaction.

Selling Rooibos tea from South Africa is an example of a/n ___________ transaction.

A group of countries that share trade interests is

If I buy the iPad mini from the Apple Store I am contributing to the _______ economy.

When nature's resources cannot be replenished as quickly as they are consumed this is known as

When TD Bank and Canada Trust joined together. This was a

The legal legislation to be enacted in leaving the EU is known as Article 50.

The topics discussed at the G7 would be

High expectations for safety standards is an example of

A business may set up a call centre in India because of

Packaged products are global products.

Protecting domestic businesses & consumers can be achieved through trade barriers

The vendor cost plus insurance plus shipping plus customs duty is known as the

A trade surplus is better for a country.

Nanometrics sells seismometers to Australia & New Zealand. This is an example of

Clotted cream is an example of a ________ product.

Tanda Shoes [shoe store] receives a shipment of Lug bags & accessories from the US. This is __

Boston Pizza is a/n

A pencil sharpener is an example of a _______ product.

Hidden costs of participating in the global economy can be referred to as

Businesses that develop land, businesses, & community meeting current & future citizen needs

Auto manufacturers have built manufacturing plants in Mexico because of _____ .

Brexit was a referendum held by

If the value of imports is greater than the value of exports this is

When goods are created, shipped & sold across national borders, this is known as ______ trade.

Manitobah Mukluks sell winter boots designed & made in Canada. They are quite expensive due to

If the value of the Canadian dollar compared to the US dollar falls this is due to

2 trade agreements that Canada has been party to are

Brands such as BMW & VW are popular due to German engineering. This is due to ______.

Brexit was achieved by the deadline date of March 29th, 2019.

Tariffs [customs duties] are a

Coca Cola is an example of a

The result of Brexit was to _______ in the EU.

If a business decides to build a manufacturing facility in South Africa because payroll costs [wages/salaries] are lower

Products that a country produces and sells depends on

If the value of Imports equals the value of exports this is known as