a factory owned by a US company in Canada

Foreign direct investment is

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

The Investment Canada Act means that

non-Canadian businesses need to have Government of Canada approval

are products used by businesses

Portfolio investment is

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

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BBB 4M Chapter 1 Review - What is Trade?

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Questions 35

Answers

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

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