This is when both partners freely agree to and benefit from the exchange of goods/services.

This is when a country focuses on a narrow range of products/services that can be produced most efficiently and cost-effectively.

Canada specializes primarily in what two industries?

In order for Canada to trade with other nations, a system of ______________ must exist.

Canada uses the __________________ as its currency.

This is the approximate value of one nation’s currency in terms of another nation’s.

This is a tax on imported goods.

This is a limit on imported goods done so that cheaper foreign imports do not flood domestic markets and put those producers out of business.

This is a block on all trade with another nation and may be employed for safety reasons or to punish another country for their policies.

This is a refusal to purchase a good/service from a specific company or country.

This term which refers to the products or services originating in one’s own country; it is the antonym of foreign.

This any activity which slows or blocks the free exchange of goods and services between nations.

What is currency?

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