a) Define the term business.
b) Explain the difference between a domestic business and an international business
c) Which type of business is most common in Canada and why?
Q2.
a)Define imports and exports.
b)Explain how they are used to compute the balance of trade
c)What is the difference between trade deficit and trade surplus?
d)How do government finance balance of trade deficit?
Communication (5 marks)
Q4. Describe the role of speculators can cause changes in the value of the Canadian dollar (CAD).
Q5. Describe three implication trade deficits on the international business in Canada.
Application
Q6. Identify two domestic businesses in Canada. Demonstrate why they should peruse an international
business model.
3/1/2021 Order 337946961
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Q7. Should they be supported by the government of Canada? If so, what policies will you recommend and
why?
Thinking / Inquiry
Q8. Provide an example of an international business that trade with Canada from each of the following
countries: The United States, Japan, South Korea, China, Italy, France, and Mexico
Identify one product that each business sells.
Q9. Using the data below, calculate County H’s balance of trade in each year from 2012 to 2016.
Which years had trade surpluses, and which had deficits?
2012 2013 2014 2015 2016
Total Exports (in millions CAD) 480,101 471,947 526,773 524,049 517,006
Total Imports (in millions CAD) 501,123 475,661 512,200 536,296 533,200
What could have led to the trade surpluses and deficits. Give three reasons
Sample Solution