Currencies were made to replace this measurement of wealth.
Gold
When a business operates outside their country of origin.
Outsouring
This is Canada's biggest export
oil and gas
This economist created the iron law of wages
David Ricardo
What is the projected global warming increase in degrees celcius currently?
1.5 degrees
When it comes to IMF policy making, this country has the most votes.
The USA
This lead to the suspension of Russia from the G7
Annexation of Crimea
Heating our homes during the cold months leads to a larger ______ _________
Carbon Footprint
More government involvement leads to chaos according to these two economists
Hayek and Smith
1760's
This was the year the Bretton Woods agreement was signed.
1971
The countries that make up the G8
Germany, UK, Canada, Japan, USA, Italy, France, Russia
This renewable energy source is gaining popularity in Canada in new homes and cabins.
Solar
The laws of self interest, supply and demand, and law of competition are known as the
three natural laws of economics
The name of this cycle: Higher wages leads to more children, which leads to more workers, which leads to lower wages, which leads to less children, which leads to high wages.
Iron Law of Wages
Trans-pacific partnership
7%
What is the name of the resource that is extracted from the ground before it is refined into oil.
Bitumen
List four negatives of the industrial revolution
low wages, poor working conditions, long hours, child labour, dangerous machines, diseases, alcohol abuse to cope, environmental consequences
In this system, the means of production are privately owned and operated for profit
Capitalism
$1 American costs approximately this much in Canadian Currency
$1.39
The BRICS nations make up this percentage of the worlds GDP.
22%
This rainforest was the site of a proposed pipeline initiative that was later cancelled by Justin Trudeau in 2014.
Great Bear Rainforest
Laissez Faire economics
It takes this many planets worth of nature to meet our current global demands and activity.
1.6 planets