Bam 101 quiz well answered already
passed
global trade in Canada - ANS ✔being aware of threats from foreign competitors in all markets
Exports - ANS ✔goods made in one country and sold to other countries
imports - ANS ✔goods and services brought from other countries
balance of trade - ANS ✔a country that exports more than it imports (said to have favorable
balance)
surplus - ANS ✔country that imports more than exports (unfavorable balance)
trade deficit - ANS ✔when imports are greater in number or size than a quantity (exceeds
exports, more money from trade flow)
balance of payment - ANS ✔having long term investment includes exports and imports (ex. gov
loans) to and from other countries
changing values of currency - ANS ✔flow up and down based upon demand and supply of each
currency
Devaluation - ANS ✔lowering the value of a nation's currency relative to other currencies
free trade - ANS ✔free trade from canada and us and europe costs taxes
passed
global trade in Canada - ANS ✔being aware of threats from foreign competitors in all markets
Exports - ANS ✔goods made in one country and sold to other countries
imports - ANS ✔goods and services brought from other countries
balance of trade - ANS ✔a country that exports more than it imports (said to have favorable
balance)
surplus - ANS ✔country that imports more than exports (unfavorable balance)
trade deficit - ANS ✔when imports are greater in number or size than a quantity (exceeds
exports, more money from trade flow)
balance of payment - ANS ✔having long term investment includes exports and imports (ex. gov
loans) to and from other countries
changing values of currency - ANS ✔flow up and down based upon demand and supply of each
currency
Devaluation - ANS ✔lowering the value of a nation's currency relative to other currencies
free trade - ANS ✔free trade from canada and us and europe costs taxes
