MGTA01H3 : Ch5.pdf
14
MGTA01H3 Full Course Notes
Verified Note
14 documents
Document Summary
Services cannot be imported: services that are created in canada and sold abroad, products that are made or grown in canada and sold abroad. Services cannot be imported: products that are made or grown in canada and sold abroad. Services cannot be exported: products that are made or grown abroad and sold in canada. This process is called: multinational exchange, balance of trade, privatization, globalization, international exchange. Page ref: 140: old mack, a farmer, has grown a surplus of wheat. He would like to ship the extra to europe where demand for wheat is strong. He is interested in: exporting, subsidies, a trade de cit, foreign exchange, importing. Page 1: susie lives in vancouver and has noticed that there seems to be a rising interest in goods from the chinese culture. To take advantage of this she should explore: exporting, a trade de cit, importing, foreign exchange, subsidies.
