Beruflich Dokumente
Kultur Dokumente
February-26-09
8:53 AM
Impediments to Trade
• Tariffs
○ Special taxes on imported goods
• Subsidies
○ Government payments to producers to stimulate economic activity
• Sanctions
○ Stop or curtail trade with offending nation
• Embargo
○ A form of a trade sanction
• Quotas
○ A limit on total quantity of imports
1. Exports provide income/jobs to Canadian workers since they are selling goods and services abroad,
rather then just domestically where Canada can export at substantially lower opportunity costs. Imports
help diversify the amount of goods and services available to consumers cheaper price, as well, provides
us with goods that we cannot produce (ABSOLUTE ADVANTAGE).
2. Advancements of transportation, better trade relations, diversity, WTO.
3. Different resources thus higher/lower opportunity costs; labour, and geographical. Increases
specializations, thus there is more products on global market.
CYU
1. -
a. Payment
b. Receipt
c. Receipt
d. Payment
2. -
a. lose, more exports
b. More visitors to Canada, and less visitors to Britain
TLAE
1. -
a. 735.44
b. 768
2. -
a. 5x 2.24 = 11.2M
b. 267 857 pounds
3. Lost money - 150 pounds / 0.445 =C337.08
150 pounds / 0.48 = C312.50
Difference = 337.08 - 312.50
$24.50
4. 1460 euros
AMOU - 408
1. EU is much more comparable in size, and clout. They have a supranational parliament and
common central bank. Social policies based on shared philosophy. Canada size and population and
central bank are radically different. Keep own identity.
2. No, since there are still Medicare, pensions, and etc. - Pure opinion
3. Bad since we lose control on monetary policy since it would be based on America's interests,
unemployment may rise. No meaningful representation in the decisions on interest rates or
currency.
4. Yes since it would be more convenient for both parties. Easier trade, strongest currency.
CYU
1. -
a. Receipt, current
b. Payment, current
c. Receipt, current
d. Payment, and capital/financial
e. Payment, financial/capital
f. Receipt, financial/capital
2. Supply and demand, deficit meaning more Canadians investing abroad, when export greater,
more foreign investment. NEGATED.