BBB4M1
International Business
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1. A) What is a group in Canada that is basically self-sufficient today? Explain. (pg 4)
2. A) How did the setting up of guilds affect free trade during Medieval times? (pg 6)
3. I) During the 15th and 16th centuries many European countries fought wars over trade routes, especially those that carried spices. What are wars waged for today? Is it similar or different than during the 15th and 16th centuries? (pg 7)
4. A) What was the relationship like between the European settlers and traders and on the Aboriginal peoples in the New World? (pg 8)
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5. A) What were the original goals and activities of European traders in Canada? (pg 9-
10)
6. C) How did "interdependence" and the principle of trade replace "self-sufficiency" among Aboriginals in Canada? (pg 12)
7. C) How was trade different among the future USA and the future Canada? (pg 12-
13)
8. C) What efforts were taken to ensure that Canada was different than the US? (pg 13-
14)
9. I) Japan entered the North American market in the 1950’s with inexpensive toys, novelties, and electronic equipment. The phrase “Made in Japan” was synonymous with
“cheap.” Today, in the early 21st century another Asian country is known for making inexpensive toys. What country is it and what could we expect if they follow a similar path to Japan? (pg 15)
10. C) What is NAFTA and what has it allowed Canada to do? (pg 15-16)
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11. A) What has happened to the type of exports from Canada in the last 3 decades?
Why is this happening? (pg 17)
12. K) What are the 3 overall types of industries? (pg 18-21)
13. C) What is the differences between the 3 overall types of industries? (pg 17)
14. K) What are the 4 categories for Primary Industries in Canada? (pg 18)
15. C) What is the most significant Manufacturing Industries in Canada? Explain. (pg
19-20)
16. K) What are the 4 categories for Service Industries in Canada? (pg 21)
17. A) Canadians have been called “hewers of wood and drawers of water.” What does this phrase mean when applied to the Canadian economy? How valid is the comment for today’s Canadian industries? (pg 17-20)

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18. K) What are 5 advantages to International Trade? (pg 22-24)
19. C) Describe to a protestor why International Trade is important and worthwhile.
(Explain one advantage.) (pg 22-24)
20. K) What are 5 disadvantages to International Trade? (pg 26-27)
21. C) Describe to an uninformed high school student why International Trade can cause hardship. (Explain one disadvantage.) (pg 26-27)
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22. K) What are 7 barriers to International Trade? (pg 28-33)
23. C) Explain one of the 7 barriers to International Trade. (pg 28-33)
24. I) Should tariffs be placed on textile goods coming in to Canada? (pg 28)
25. I) In the last 5 years Canada's currency has risen against the US $. Is this good or bad for Canada? (pg 28-29)
26. A) Your teenage "pen pal" from a foreign country emails you and tells you that they want to become a Canadian citizen. How would you explain the best way to make that happen? (pg 33)