Canadas economy
What is the primary sector of Canada's economy?
primary expoert of peru
copper
term for difference between a country's exports and imports
balance of trades
what two countries are in a trade war since 2018
china and USA
What economic system is characterized by private ownership of the means of production and the free market?
capitalism
What is the role of the Bank of Canada?
regulating the country's monetary policy
economic system in peru
mixed economy, or market economy
practice of selling good in a forign company at a lower price
dumping
leader of china since 2013
xi jinping
What economic system is characterized by government ownership of the means of production and central planning?
socialism
What is the main export of Canada?
crude oil
currency of peru
peruvian sol
term for risk that currency exchange rates have for profit
forign exchange risk
1972 diplomatic relations agreement between china and USA
shanghai communique
What economic system is a mix of capitalism and socialism, with a combination of private enterprise and government control?
mixed economy
What is the Economic Action Plan?
stimulus package implemented by the Canadian government in response to the 2008 global financial crisis
what is the main industury in peru aisde from mining and agriculture?
tourism
tax imposed to protect government industries
tariff
main issue that led to china and usa having poor trade relations
trade imbalance, such as the deficit us has with china
What economic system is characterized by the absence of government control, with individuals making economic decisions based on their own self-interest?
laissez-faire
What is Canada's economic system?
mixed economy
what trade agreenment has peru signed with the USE
FTA or TPP
term for partnership between two companies in different countries to work on a project
joint venture
name of the trade group of 8 countries that china and usa are apart of
name two countries with a mixed economy
trick question, almost all countries do.