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canadian trade patterns/policy
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Published on Dec 19, 2015
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1.
canadian trade patterns/policy
mr. melkonian
Photo by
Karen Roe
2.
merchandise trade
goods grown, extracted or manufactured in a country
Photo by
frankieleon
3.
visible trade
items are tangible
Photo by
e_walk
4.
non-merchandise (invisible)
service, tourism, investment, transfer of funds
Photo by
Bob from Caledon
5.
no tangible items being exchanged
but money is still flowing - tougher to document/measure
Photo by
Cola21
6.
if canada ordered a bmw - easily tracked import
if i went to germany and purchased clothing harder to track
Photo by
marcp_dmoz
7.
volume and value of exports must equal imports
because one country's imports are by default another's export
Photo by
Thomas Fisher Rare Book Library
8.
balance of merchandise trade
difference between value of import/export
Photo by
Sprengben [why not get a friend]
9.
when exports are greater than imports
country is said to be in a good position
Photo by
Peggy2012CREATIVELENZ
10.
won't always be in equilibrium however
most of the time canada does well for merchandise
Photo by
Ella's Dad
11.
for non-merchandise... not so much
interest, divident payments to foreign investors - gap getting bigger
Photo by
marcusuke
12.
most of our exports from?
13.
Canadian Exports
14.
Canadian Imports
15.
industrial materials export
fertilizer
iron
steel
aluminum
nickel
copper
other metals
16.
energy
natural gas
petroleum
17.
food products
wheat, fish (he doesn't look happy...)
Photo by
Novowyr
18.
haters saying we should...
sell to world demand, semi-processed goods and buy them back when they are complete
19.
domestic jobs are lost
mortgage our future - shouldn't use our finite resources like this
20.
over the years
tariff have gone down significantly
21.
when tariffs were high
idea was to protect national development of economy
Photo by
uSwitch
22.
ended up with the great depression instead
Photo by
onohoku
23.
general agreement on tariffs and trade (gaat)
international agreement to reduce trade barriers - helped out everyone
Photo by
EmpororHarry
24.
pg 389
q 1-4
Photo by
Kami Sama Explorer Museum
Peter Melkonian
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